Updated Dec 4, 2024
Goodman Capital Sells Multifamily Asset At 332 Myrtle Avenue Brooklyn For $2.465M
332 Myrtle Avenue
$2,465,000
$570/SF
Building Size
4,324 SF
Asset Type
MultiFamily
Closing
Sep 10, 2024
About this deal
AI
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.
On the Map
$2,465,000
$570/SF
MultiFamily
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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
6.44%
Cash-on-Cash
-1.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93