Reich Family & Katz Family Sell Multifamily Property In Dyker Heights, Brooklyn For $2.55M
1175 60th Street
$2,550,000
$183/SF
Building Size
13,884 SF
Asset Type
MultiFamily
Closing
Sep 11, 2023
AI
A multifamily property located at 1175 60th Street in Dyker Heights, Brooklyn was recently sold for a price of $2,550,000. The property consists of 16 units with an average price per unit (PPU) of $159,375. The total square footage of the property is 13,884, resulting in a price per square foot (PPSF) of $184.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Number of Units: 16
- Price per Unit (PPU): $159,375
- Total Square Footage: 13,884
- Price per Square Foot (PPSF): $184
- Address: 1175 60th Street, Dyker Heights, Brooklyn
- Market: Dyker Heights, Brooklyn
The sellers of the property were the Reich Family and Katz Family. The deal was facilitated by Yosef Katz, Erik Yankelovich, Shlomo Antebi, and Natan Safdieh from Atlas Realty Group. These brokers played a crucial role in the successful completion of the transaction.
Players
Market 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93