Jamie Zelaua Acquires Multifamily Property At 193 Frost Street Brooklyn For $3.85M
193 Frost Street
$3,850,000
$710/SF
Building Size
5,421 SF
Asset Type
MultiFamily
Closing
Jan 9, 2025
AI
The asset involved in the transaction is a multifamily property located at 193 Frost Street in Brooklyn. The sale price was $3,850,000, and the property encompasses a total square footage of 5,421, resulting in a price per square foot of $710.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,850,000
- Address: 193 Frost Street
- Market: Brooklyn
- Square Footage: 5,421
- Price per Square Foot: $710
- Buyer: Jamie Zelaua
- Seller: Joseph Morello
- Brokers: Francesco Viglietta & Robert Napolitano - Capri Jet Realty
The deal was represented by Francesco Viglietta and Robert Napolitano, who acted as brokers for the transaction. Their agency is Capri Jet Realty, which facilitated the negotiation between the buyer, Jamie Zelaua, and the seller, Joseph Morello.
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
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93