Avenues Real Estate Brokers $2.6M Sale Of Boerum Hill Condo On Atlantic Ave
328 Atlantic Avenue
$2,600,000
$321/SF
Building Size
8,079 SF
Asset Type
Retail
Closing
Oct 18, 2023
About this deal
AI
A condo located at 328 Atlantic Avenue in Boerum Hill, Brooklyn, was recently sold for a total of $2,600,000. The condo spans an area of 1,738 square feet and has a price per square foot of $1,496.
Summary of Transaction Details
- Property Type: Condo
- Transaction Amount: $2,600,000
- Address: 328 Atlantic Avenue, Boerum Hill, Brooklyn
- Market: Boerum Hill, Brooklyn
- Buyer: Matt Patrella
- Seller: Itay Gamlieli & Ofir Badash
- Buyer's and Seller's Representative: David Avgi - Avenues Real Estate
- Square Footage: 1,738
- Price Per Square Foot: $1,496
The transaction involved several key individuals and companies. Matt Patrella acted as the buyer, while Itay Gamlieli and Ofir Badash were the sellers. David Avgi from Avenues Real Estate represented both the buyer and the seller in this deal.
On the Map
$2,600,000
$321/SF
Retail
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Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93