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Reich Family & Katz Family Sell Multifamily Property In Dyker Heights, Brooklyn For $2.55M

Property Image
SOLD
$2,550,000
Shlomo Antebi
Natan Safdieh
+ 1

New York

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MultiFamily13,884 SF
Sold 09/11/2023
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Property Image
SOLD

Reich Family & Katz Family Sell Multifamily Property In Dyker Heights, Brooklyn For $2.55M

1175 60th Street

See Similar Deals
MultiFamily13,884 SF
Sold 09/11/2023
Shlomo Antebi
Natan Safdieh
+ 1
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$183
Total Square Footage:13,884 SF
Transaction Type:Sale

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

Natan Safdieh
22 deals$113.5M volume
BROKER

Erik Yankelovich
Atlas Realty Group
127 deals$1B volume
BROKER

Yosef Katz
Atlas Realty Group
133 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
138 deals$1B volume
BROKER

Details

SOLD
IMAGE: Shlomo Antebi, Yosef Katz, Erik Yankelovich & Natan Safdieh DATE: 09/11/2023 ADDRESS: 1175 60th Street MARKET: Dyker Heights, Brooklyn ASSET TYPE: Multifamily SELLER: Reich Family & Katz Family BROKERS: Yosef Katz (@Katz.Yosef), Erik Yankelovich (@Eriky79) & Shlomo Antebi & Natan Safdieh - Atlas Realty Group (@ARG_NYC) SALE PRICE: $2,550,000 UNITS: 16 ~ PPU: $159,375 SF: 13,884 ~ PPSF: $184

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$136,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61