Updated Dec 21, 2023
Farzam Trost Acquires Brooklyn SFR From Ambrose Mcmillian For $1.12M
593 MacDonough St, Brooklyn, NY, USA
$1,120,000
$493/SF
Building Size
2,268 SF
Asset Type
Single Family Residence
Closing
May 10, 2021
About this deal
AI
A single-family townhouse located at 593 MacDonough St. in Brooklyn was recently sold for $1,120,000. The property, with a total area of 2,268 square feet, required a full gut rehab. The sale price equated to approximately $493 per square foot.
Summary of transaction details
- Property Type: Single-Family Residential (SFR)
- Transaction Amount: $1,120,000
- Address: 593 MacDonough St., Brooklyn
- Market: Brooklyn
The buyer of the property was Farzam Trost, while the seller was Ambrose Mcmillian. Daniel Barcelowsky from Evergreen Realty & Investments acted as the broker in this transaction.
It's worth noting that Evergreen Realty & Investments currently has over $15,000,000 worth of deals in contract this year. If you are interested in off-market or market deals, or if you are looking to sell, you can contact them for further information.
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $493 per square foot on a published $1.1M for 2,268 square feet (2021).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93