Brenda Elishis Sells 540 Ocean Avenue Multifamily In Brooklyn For $4.25M With GFI Realty Services
540 Ocean Avenue
$5,600,000
$120/SF
Building Size
46,452 SF
Asset Type
MultiFamily
Closing
Oct 30, 2024
AI
The asset involved in this transaction is a multifamily property located at 540 Ocean Avenue in Brooklyn. The property was sold for $4,250,000, encompassing a total square footage of 46,452, resulting in a price per square foot of $91.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Address: 540 Ocean Avenue
- Market: Brooklyn
- Square Footage: 46,452
- Price per Square Foot: $91
- Seller: Brenda Elishis
- Broker Representatives: Zachary Fuchs & Matthew Sparks - GFI Realty Services
Zachary Fuchs and Matthew Sparks from GFI Realty Services represented the seller, Brenda Elishis, in this transaction, facilitating the transfer of the multifamily property in Brooklyn.
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
2.83%
Cash-on-Cash
-0.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93