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Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M

Property Image
SOLD
$1,265,000

New York

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MultiFamily33,000 SF
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Property Image
SOLD

Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M

1146 60th St, Brooklyn, NY 11219, USA

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MultiFamily33,000 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$38
Total Square Footage:33000 SF
Transaction Type:Sale

The multifamily property located at 1146 60th Street in Dyker Heights has been sold for a price of $1,265,000. The building spans across 3,300 square feet and has a price per square foot of $383. The transaction involved a vacant building, ready for new occupancy.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,265,000
  • Square Footage: 3,300
  • Price per Square Foot: $383
  • Address: 1146 60th Street
  • Market: Dyker Heights

The seller of the property was Angelina Cino, while the buyer was Min Xia LLC, represented by Kai Xiong Huang. The transaction was facilitated by Anthony Ferraro Jr of 4 Seasons Realty Co.

Players

Anthony Ferraro Jr.
5 deals$8M volume(646) 919-0910
BROKER

Details

SOLD
IMAGE: Anthony Ferraro Jr DATE: 12/16/2019 ADDRESS: 1146 60th Street MARKET: Dyker Heights ASSET TYPE: Multifamily SALE PRICE: $1,265,000 SF: 3,300 PPSF: $383 SELLER:Angelina Cino BUYER: Min Xia LLC – Kai Xiong Huang BROKER: Anthony Ferraro Jr @4seasonsrealtyco NOTE: Building was delivered vacant.

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
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