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Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M

Property Image
SOLD
$1,600,000

New York

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MultiFamily3,000 SF
Sold 06/30/2024
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Property Image
SOLD

Joseph Brikman & Nathaniel Smith Brokered a Multifamily Property At 979 Saint Johns Place Brooklyn For $1.6M

979 Saint Johns Place

See Similar Deals
MultiFamily3,000 SF
Sold 06/30/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$533
Total Square Footage:3,000 SF
Transaction Type:Sale

The multifamily property located at 979 Saint Johns Place in Brooklyn was sold for $1,600,000. This asset consists of 3 units and has a total square footage of 3,000, resulting in a price per unit of $533,333 and a price per square foot of $533.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Address: 979 Saint Johns Place
  • Market: Brooklyn
  • Units: 3
  • Square Footage: 3,000
  • Price Per Unit: $533,333
  • Price Per Square Foot: $533
  • Seller: Tony Namdar
  • Buyer's Representative: Joseph Brikman
  • Seller's Representative: Nathaniel Smith - Oxford Property Group

Joseph Brikman represented the buyer in this transaction, while Nathaniel Smith from Oxford Property Group represented the seller, facilitating the deal between the two parties involved.

Players

Nathaniel Smith
13 deals$35.1M volume(516) 650-8549
BROKER

Joseph Brikman
Real Broker
7 deals$16.9M volume(954) 493-1100
BROKER

Details

SOLD
IMAGE: Joseph Brikman & Nathaniel Smith DATE: 06/30/2024 ADDRESS: 979 Saint Johns Place MARKET: Brooklyn ASSET TYPE: Multifamily SELLER: Tony Namdar BUYER'S REP: Joseph Brikman SELLER'S REP: Nathaniel Smith (@TeamCRENY) - Oxford Property Group (@OxfordSpireGroup) SALE PRICE: $1,600,000 UNITS: 3 ~ PPU: $533,333 SF: 3,000 ~ PPSF: $533

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80