Goodman Capital Sells Multifamily Asset At 332 Myrtle Avenue Brooklyn For $2.465M
SOLD
$2,465,000
New York
See Similar DealsMultiFamily4,324 SF
Sold 09/10/2024
SOLD
Goodman Capital Sells Multifamily Asset At 332 Myrtle Avenue Brooklyn For $2.465M
332 Myrtle Avenue
See Similar DealsMultiFamily4,324 SF
Sold 09/10/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$570
Total Square Footage:4,324 SF
Transaction Type:Sale
The property asset is a multifamily building located at 332 Myrtle Avenue in Brooklyn. It sold for a price of $2,465,000, encompassing a total square footage of 4,324 with a price per square foot of $570.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,465,000
- Square Footage: 4,324
- Price per Square Foot: $570
- Seller: Goodman Capital
- Brokers: John Florek & Jack Fayer - Fairview Property Group
- Date of Transaction: 09/10/2024
John Florek and Jack Fayer represented Fairview Property Group in this transaction, effectively facilitating the sale between Goodman Capital and the eventual buyer.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$131,466.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,757.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,685.36
Annual Debt Service$140,224.29
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