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352 Monroe Street

Anne Chang Purchases MultiFamily Property At 352 Monroe Street Brooklyn For $2.425M
SOLDMultiFamily

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

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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