Updated Dec 21, 2023
Kelly Zheng Acquires Multi-Family Property In Brooklyn's Sunset Park
1005 46th St, Brooklyn, NY 11219, USA
$3,700,000
$336/SF
Building Size
11,000 SF
Asset Type
MultiFamily
Closing
Jun 26, 2019
About this deal
AI
The multi-family property located at 1005 46th Street in Brooklyn's Sunset Park neighborhood was recently sold. The property consists of 11,000 square feet and was listed with an asking price of $4,000,000. The sale price for the property was negotiated down to $3,700,000, resulting in a price per square foot of $336.
Summary of transaction details:
- Property Type: Multi Family
- Asking Price: $4,000,000
- Sale Price: $3,700,000
- Total Square Feet: 11,000
- Price Per Square Foot: $336
- Address: 1005 46th Street, Brooklyn
- Market: Sunset Park
The sellers of the property were Chayim Kirschenbaum and Marc Blumenfrucht. The buyer, who acquired the property for $3,700,000, is Kelly Zheng. The deal was facilitated by Marcel Fridman from the Barcel Group, representing both the buyer and the seller in the transaction. It is worth noting that the property was fully vacant at the time of closing.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93