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1115 43rd St, Borough Park,...

Bracha Rabinowitz Trust Sells Multifamily Property In Boro Park, Brooklyn For $1.3M
SOLDMultiFamily

Bracha Rabinowitz Trust Sells Multifamily Property In Boro Park, Brooklyn For $1.3M

1115 43rd St, Borough Park, Brooklyn, NY, USA

$1,300,000

$320/SF

Building Size

4,053 SF

Asset Type

MultiFamily

Closing

Apr 28, 2021

AI

A multifamily property located at 1115 43rd St. in Boro Park, Brooklyn was sold on April 29, 2021. The property, with a total square footage of 4,053, was sold for a price of $1,300,000, resulting in a price per square foot of $320.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000

Bracha Rabinowitz trust was the seller of the property. The transaction was facilitated by Esther Reizes-Lowenbein from an undisclosed brokerage.

Players

Esther Reizes-Lowenbein

EXP Realty

Broker

$1.3M

vol

1 deal

Broker
T
TrustSeller

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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93