Updated Dec 21, 2023
Wayne Warnock Acquires Multifamily Property In Prospect Lefferts, Brooklyn For $1.05M
401 Lincoln Road, Brooklyn, NY 11225
$1,050,000
$468/SF
Building Size
2,240 SF
Asset Type
MultiFamily
Closing
Nov 15, 2018
About this deal
AI
The multifamily property located at 401 Lincoln Rd in Prospect Lefferts, Brooklyn has been sold. The transaction took place on November 16, 2018. The property, with a total area of 2,240 square feet, was sold for $1,050,000, resulting in a price per square foot of $468. Rupert A. White represented both the seller, Neville Bushell, and the buyer, Wayne Warnock, in this deal.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Address: 401 Lincoln Rd
- Market: Prospect Lefferts, Brooklyn
- Seller: Neville Bushell
- Buyer: Wayne Warnock
- Broker: Rupert A. White
This sale transaction showcases the successful collaboration between Neville Bushell, the seller of the property, and Wayne Warnock, the buyer. Representing both parties in this deal was Rupert A. White from Rupert A. White agency.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93