Anne Chang Purchases MultiFamily Property At 352 Monroe Street Brooklyn For $2.425M
352 Monroe Street
$2,425,000
$459/SF
Building Size
5,280 SF
Asset Type
MultiFamily
Closing
Dec 10, 2024
AI
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.
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
6.54%
Cash-on-Cash
-1.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93