Matt Parella, Bruno Lopez, Kevin Beardsley & Antoine Genton Acquire Boerum Hill Condo For $13.45M
328 Atlantic Avenue
$13,457,500
$1,665/SF
Building Size
8,079 SF
Asset Type
Retail
Closing
May 13, 2024
AI
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.
Players
Brooklyn Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.18%
Cash-on-Cash
-0.34%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93