Elena Smirnova Of The Agency Represents Buyer In Brooklyn Multifamily Sale For $1.64M
97a Cooper Street
$1,640,000
$639/SF
Building Size
2,563 SF
Asset Type
MultiFamily
Closing
Mar 26, 2025
AI
This multifamily asset located at 97a Cooper Street in Brooklyn features 2 units and encompasses a total square footage of 2,563. The transaction was completed at a sale price of $1,640,000, resulting in a per unit price of $820,000 and a price per square foot of $639.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,640,000
- Units: 2
- Square Footage: 2,563
- Price Per Unit: $820,000
- Price Per Square Foot: $639
- Buyer's Representative: Elena Smirnova - The Agency
- Seller's Representatives: Daniel Chun & Christina Morgan - Compass
- Date of Transaction: 03/26/2025
The deal involved Elena Smirnova representing the buyer, while Daniel Chun and Christina Morgan represented the seller, highlighting a collaboration between The Agency and Compass in this transaction. The transaction closed on March 26, 2025.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.67%
Cash-on-Cash
-2.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93