Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,265,000
$38/SF
MultiFamily
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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