Chris Rostek Acquires Sunset Park Multifamily For $1.75M Via @TerraCRG
122 33rd St, Newport Beach, CA 92663, USA
Building Size
63,630 SF
Asset Type
MultiFamily
Closing
Jun 11, 2018
AI
A multifamily property located at 122 33rd Street in Sunset Park, Brooklyn has been sold in a closed transaction. The property spans across 6,363 square feet and was sold for a price of $1,750,000. The price per square foot for this transaction was $275, with a capitalization rate of 5%. The seller of the property was Deepak Raj, while the buyer was Chris Rostek.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Address: 122 33rd Street, Sunset Park, Brooklyn
- Square Footage: 6,363
- Price per Square Foot: $275
- Capitalization Rate: 5%
The transaction was facilitated by the brokerage firm @TerraCRG, with Adam Hess, Peter Matheos, and David Algarin representing the parties involved in the deal.
Players
Newport Beach 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93