Anne Chang Purchases MultiFamily Property At 352 Monroe Street Brooklyn For $2.425M
SOLD
$2,425,000
New York
See Similar DealsMultiFamily5,280 SF
Sold 12/10/2024
SOLD
Anne Chang Purchases MultiFamily Property At 352 Monroe Street Brooklyn For $2.425M
352 Monroe Street
See Similar DealsMultiFamily5,280 SF
Sold 12/10/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$459
Total Square Footage:5,280 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 352 Monroe Street in Brooklyn. The sale price was $2,425,000, with a total square footage of 5,280, resulting in a price per square foot of $459.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,425,000
- Address: 352 Monroe Street
- Market: Brooklyn
- Square Footage: 5,280
- Price Per Square Foot: $459
- Buyer: Anne Chang
- Brokers: Lev Mavashev & Eli Yusupov - Alpha Realty
Anne Chang is the buyer in this transaction, while Lev Mavashev and Eli Yusupov from Alpha Realty represented the deal. The transaction occurred on December 10, 2024, indicating a timely conclusion to the negotiations surrounding this multifamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$129,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,615.52
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,495.74
Annual Debt Service$137,948.85
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