facebook
Traded Co logo
Submit

Unicorn Properties Group Acquires Multifamily Property In New York City For $713K

Property Image
SOLD
$713,000

New York

See Similar Deals
MultiFamily3,300 SF
Sold 12/21/2022
the dealplayerscompscontact
Property Image
SOLD

Unicorn Properties Group Acquires Multifamily Property In New York City For $713K

1174 Putnam Avenue

See Similar Deals
MultiFamily3,300 SF
Sold 12/21/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$216
Total Square Footage:3,300 SF
Transaction Type:Sale

Unicorn Properties Group, represented by Eric Carino & Enrico Ferri, has acquired a multifamily property located at 1174 Putnam Avenue in New York City. The property was sold by Roberta Jackson in a closed transaction.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $713,000
  • Units: 3 ~ Price per Unit: $237,667
  • Square Footage: 3,300 ~ Price per Square Foot: $216
  • Market: New York City
  • Buyer: Unicorn Properties Group - Eric Carino & Enrico Ferri
  • Seller: Roberta Jackson

The purchase price of $713,000 was achieved due to termite damage, structural issues, and open ECB/HPD violations. Unicorn Properties Group is actively purchasing single and multi-unit properties in North-Brooklyn, North-Western Brooklyn, Central Brooklyn (near Prospect Park), Ridgewood Queens, and Uptown Manhattan. The property consists of 1 to 5 free market residential units. It is a residential development with a minimum of 20,000 buildable square feet.

Contact details for Eric Carino, the representative of Unicorn Properties Group, are as follows:

Players

10 deals$12.2M volume
BUYER

Details

SOLD
IMAGE: Eric Carino & Enrico Ferri DATE: 12/21/2022 ADDRESS: 1174 Putnam Avenue MARKET: New York City ASSET TYPE: Multifamily BUYER: Unicorn Properties Group (@UnicornPropertiesGroup) - Eric Carino & Enrico Ferri SELLER: Roberta Jackson SALE PRICE: $713,000 UNITS: 3 ~ PPU: $237,667 SF: 3,300 ~ PPSF: $216 NOTE FROM BUYER: Purchase price was achieved due to termite damage, structural issues & open ECB/HPD violations. We are actively purchasing single & multi-unit properties in North-Brooklyn, North-Western Brooklyn and Central Brooklyn(near Prospect Park). Ridgewood Queens and Uptown Manhattan a plus! •Units: 1 - 5 •Free market •Residential(Non-commercial) •Residential Development 20k buildable Sq Ft(Minimum) Contact:Eric Carino Office: 718-725-1500 Cell: 646-921-3377 Email: [email protected]

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$38,026.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$2,533.13
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,379.98
Annual Debt Service$40,559.81