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
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