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97a Cooper Street

Elena Smirnova Of The Agency Represents Buyer In Brooklyn Multifamily Sale For $1.64M
SOLDMultiFamily

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

Daniel Chun

Compass

Broker

$102.6M

vol

2 deals

Broker

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