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
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