Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M
SOLD
$1,265,000
New York
See Similar DealsMultiFamily33,000 SF
Sold
SOLD
Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M
1146 60th St, Brooklyn, NY 11219, USA
See Similar DealsMultiFamily33,000 SF
Sold
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$67,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,494.29
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,996.75
Annual Debt Service$71,960.94
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