Eric Orlofsky Acquires Multifamily Property In Brooklyn From Eleanor & Thomas Ryan For $2.8M
SOLD
$2,825,000
+ 1
New York
See Similar DealsMultiFamily7,500 SF
Sold 07/10/2018
SOLD
Eric Orlofsky Acquires Multifamily Property In Brooklyn From Eleanor & Thomas Ryan For $2.8M
110 Calyer Street, Brooklyn, NY 11222
See Similar DealsMultiFamily7,500 SF
Sold 07/10/2018
+ 1
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$376
Total Square Footage:7,500 SF
Transaction Type:Sale
The multifamily property located at 110 Calyer Street in Brooklyn, New York has been sold in an off-market transaction. The sale took place on July 10, 2018, with a purchase price of $2,825,000. The property has a building size of 7,500 square feet, which translates to a price per square foot of $376.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Address: 110 Calyer Street, Brooklyn, New York
- Market: Brooklyn
The buyer of this property is Eric Orlofsky, and the sellers are Eleanor and Thomas Ryan. The transaction was facilitated by Mike Salvatico and Shaun Riney, representing New York Multifamily as the brokers.
Please note that this information was obtained from an Instagram post by Shaun Riney and Mike Salvatico.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$150,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,036.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,391.94
Annual Debt Service$160,703.29
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