Updated Dec 4, 2024
Stephen Safina Of Three Point Real Estate Represents Sale Of Brooklyn Multifamily For $3.065M
259 Warren Street
$3,065,000
$896/SF
Building Size
3,420 SF
Asset Type
MultiFamily
Closing
Oct 22, 2024
About this deal
AI
The property located at 259 Warren Street in Brooklyn is a multifamily asset comprising four units. The sale was finalized with a transaction price of $3,065,000, indicating a price per unit of $766,250. The total square footage of the property is 3,420, resulting in a price per square foot of $896.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $3,065,000
- Units: 4
- Square Footage: 3,420
- Price Per Unit: $766,250
- Price Per Square Foot: $896
- Broker: Stephen Safina - Three Point Real Estate
- Date of Sale: 10/22/2024
Stephen Safina from Three Point Real Estate represented the transaction, facilitating the sale process for the involved parties. The deal showcases notable engagement in the Brooklyn market, emphasizing the ongoing interest in multifamily properties in the area.
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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93