facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1146 60th St, Brooklyn, NY ...

Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M
SOLDMultiFamily

Min Xia LLC Acquires Dyker Heights Multifamily For $1.27M

1146 60th St, Brooklyn, NY 11219, USA

$1,265,000

$38/SF

Building Size

33,000 SF

Asset Type

MultiFamily

Closing

Dec 15, 2019

AI

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.

4 Seasons Realty

Broker

$8M

vol

5 deals

Broker

Angelina Cino

Seller

$2.3M

vol

2 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.54%

Cash-on-Cash

-3.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93