Matt Parella, Bruno Lopez, Kevin Beardsley & Antoine Genton Acquire Boerum Hill Condo For $13.45M
SOLD
$13,457,500
New York
See Similar DealsRetail8,079 SF
Sold 05/13/2024
SOLD
Matt Parella, Bruno Lopez, Kevin Beardsley & Antoine Genton Acquire Boerum Hill Condo For $13.45M
328 Atlantic Avenue
See Similar DealsRetail8,079 SF
Sold 05/13/2024
Summary
NEW YORK
Asset Type:Retail
Price Per Square Foot:$1,665
Total Square Footage:8,079 SF
Transaction Type:Sale
The condominium located at 328 Atlantic Avenue in Boerum Hill, Brooklyn, was sold for $13,457,500. Spanning 8,079 square feet, the property was acquired at a price per square foot of $1,666.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $13,457,500
- Buyer: Matt Parella, Bruno Lopez, Kevin Beardsley & Antoine Genton
- Seller: Itay Gamlieli & Ofir Badash
- Broker: David Avgi - Avenues Real Estate
- Address: 328 Atlantic Avenue
- Market: Boerum Hill, Brooklyn
The sale was facilitated by David Avgi from Avenues Real Estate, providing a full complimentary service encompassing planning, development, floor planning, design, selling, and marketing. Contact David Avgi for all your real estate needs.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$717,733.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$47,811.67
Cash-on-Cash Return-1.27%
Monthly Debt Service$63,795.42
Annual Debt Service$765,544.99
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