Updated Oct 29, 2024
Mris Jajati Acquires Multifamily Property In Flatbush, Brooklyn For $3.59M
113 Kenilworth Place, Brooklyn, New York 11210, United States
$3,593,970
$211,410/SF
Building Size
17 SF
Asset Type
MultiFamily
Closing
Aug 12, 2022
About this deal
AI
Located at 113 Kenilworth Place in Flatbush, Brooklyn, this multifamily property was recently sold in a closed transaction. The sale took place on 12/08/2022, with a total sale price of $3,593,970. The property consists of 16 units, with each unit averaging a price per unit of $224,623. The total square footage of the property is 17,475, resulting in a price per square foot of $205.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,593,970
- Units: 16
- Price per Unit: $224,623
- Square Footage: 17,475
- Price per Square Foot: $205
The buyer of the property is Mris Jajati, while the seller is 1520 Management Corp - Dominic J. Famulari.
Players
Brooklyn 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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93