Updated Dec 18, 2023
Barcel Group Broker Marcel Fridman Sells Brooklyn Multifamily For $14.95M
275 Martense St, Brooklyn, NY 11226, USA
$1,000,000
$11/SF
Building Size
89,760 SF
Asset Type
MultiFamily
Closing
Jan 16, 2020
About this deal
AI
A multifamily property located in Brooklyn has recently been sold for $14,950,000. The transaction was facilitated by Marcel Fridman from the Barcel Group. The property consists of 82 units, with an average price per unit of $182,317. It spans across 80,000 square feet, resulting in a price per square foot of $186.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $14,950,000
- Units: 82
- Price per Unit: $182,317
- Square Footage: 80,000
- Price per Square Foot: $186
This sale marks the first change in ownership for this property in over 40 years.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93