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Mary Meyer Sells Multifamily Property For $3.5M With Brokers Devin Someck, Doug Bowen & Zia OHara

Property Image
SOLD
$3,500,000
Devin Someck

New York

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MultiFamily3,500 SF
Sold 01/22/2024
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Property Image
SOLD

Mary Meyer Sells Multifamily Property For $3.5M With Brokers Devin Someck, Doug Bowen & Zia OHara

109 Cambridge Place

See Similar Deals
MultiFamily3,500 SF
Sold 01/22/2024
Devin Someck
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:3,500 SF
Transaction Type:Sale

The multifamily property located at 109 Cambridge Place in Clinton Hill, Brooklyn has been sold for a price of $3,500,000. The property consists of 3 units, with an average price per unit of $1,166,667. The total square footage of the property is 3,500, resulting in an average price per square foot of $1,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Units: 3
  • Price per Unit: $1,166,667
  • Square Footage: 3,500
  • Price per Square Foot: $1,000
  • Address: 109 Cambridge Place, Clinton Hill, Brooklyn

The seller of the property is Mary Meyer. The deal was facilitated by two broker representatives. Devin Someck from Living New York and Doug Bowen & Zia OHara from Douglas Elliman were the brokers involved in the transaction.

Players

Devin Someck
15 deals$80.5M volume
BROKER


Doug Bowen
Douglas Elliman
2 deals$12.6M volume(646) 247-0822
BROKER

Details

SOLD
IMAGE: Devin Someck, Doug Bowen & Zia OHara DATE: 01/22/2024 ADDRESS: 109 Cambridge Place MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily SELLER: Mary Meyer BROKERS: Devin Someck (@DevinSmck) - Living New York (@LivingNY), Doug Bowen (@DougBowen) (@DougBowenZiaOharaTeam) & Zia OHara (@ZiaOhara) - Douglas Elliman (@DouglasElliman) SALE PRICE: $3,500,000 UNITS: 3 ~ PPU: $1,166,667 SF: 3,500 ~ PPSF: $1,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$186,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43