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1175 60th Street

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

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

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

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