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:
- Property Type: Multifamily
- Transaction Amount: $1,999,999
- Units: 2
- Square Footage: 2,631
- Price Per Unit: $999,999
- Price Per Square Foot: $760
- Buyer's Representative: Savitri Richardson - SLR Real Estate
- Seller's Representative: Malcolm Louis Adams - Compass
- Date of Transaction: 08/22/2024
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
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