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196 Wyckoff Street, Brookly...

Stephen Rountree Sells Multifamily Property On Wyckoff St. In Gowanus, Brooklyn For $2.65M
SOLDMultiFamily

Stephen Rountree Sells Multifamily Property On Wyckoff St. In Gowanus, Brooklyn For $2.65M

196 Wyckoff Street, Brooklyn, New York 11217, United States

$2,650,000

$736/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Jun 8, 2022

AI

The multifamily property located at 196 Wyckoff St. in Gowanus, Brooklyn, has been sold in a recent transaction. The sale was facilitated by the team of brokers consisting of Matt Cosentino, Remi Norris, and Roni Rose from Douglas Elliman. The property consists of 4 units with a total square footage of 3,600 SF. The sale price for the property was $2,650,000, resulting in a price per unit of $662,500 and a price per square foot of $736.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,650,000
  • Address: 196 Wyckoff St.
  • Market: Gowanus, Brooklyn
  • Brokers: Matt Cosentino, Remi Norris & Roni Rose - Douglas Elliman
  • Units: 4
  • Square Footage: 3,600 SF
  • Price per Unit: $662,500
  • Price per Square Foot: $736

Stephen Rountree was the seller of the property. The team of Matt Cosentino, Remi Norris, and Roni Rose from Douglas Elliman represented the seller in the transaction. The sale of this multifamily property in Gowanus, Brooklyn, demonstrates the continued activity in the real estate market in the area.

Players

Matthew Cosentino

Terra CRG

Broker

$319M

vol

81 deals

Broker

New York 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

5.99%

Cash-on-Cash

-1.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93