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300 Lafayette Avenue

Savitri Richardson Of SLR Real Estate Represents Buyer In $1.999M Brooklyn Multifamily Sale
SOLDMultiFamily

Savitri Richardson Of SLR Real Estate Represents Buyer In $1.999M Brooklyn Multifamily Sale

300 Lafayette Avenue

$1,999,999

$760/SF

Building Size

2,631 SF

Asset Type

MultiFamily

Closing

Aug 22, 2024

AI

The multifamily asset located at 300 Lafayette Avenue in Brooklyn was sold for $1,999,999. The property comprises 2 units and offers a total square footage of 2,631, resulting in a price per unit of $999,999 and a price per square foot of $760.

Summary of transaction details:

Savitri Richardson represented the buyer in this transaction, while Malcolm Louis Adams served as the representative for the seller. Malcolm is associated with Compass and holds the title of License Associate.

Players

Malcolm Louis Adams

Compass

Broker

$27.9M

vol

15 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

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93