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1172 79th St, Brooklyn, NY ...

Angelina Cino Acquires Multifamily Property In Dyker Heights For $999K
SOLDMultiFamily

Angelina Cino Acquires Multifamily Property In Dyker Heights For $999K

1172 79th St, Brooklyn, NY 11228, USA

$999,000

$79/SF

Building Size

12,500 SF

Asset Type

MultiFamily

Closing

Dec 15, 2019

AI

A multifamily property located at 1172 79th Street in Dyker Heights was recently sold in a closed transaction. The property spans 1,250 square feet and was sold for a price of $999,000, resulting in a price per square foot of $799.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $999,000
  • Square Footage: 1,250
  • Price Per Square Foot: $799
  • Market: Dyker Heights

The seller of the property was Anna Rizzo, while the buyer was Angelina Cino. The transaction was facilitated by Anthony Ferraro Jr, a representative from 4seasonsrealtyco.

It is worth noting that the proceeds from the previous sale of 1146 60th St. were utilized to fund the purchase of this property.

Players

Anthony Ferraro Jr.

4 Seasons Realty

Broker

$8M

vol

5 deals

Broker

Angelina Cino

Buyer

$2.3M

vol

2 deals

Buyer

New York 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

15.88%

Cash-on-Cash

-4.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93