Updated Dec 21, 2023
Wei Wen Wu Acquires Vacant 6 Family Multifamily In Dyker Heights, Brooklyn For $1.75M
1180 67th St, Brooklyn, NY 11219, USA
$1,750,000
$293/SF
Building Size
5,960 SF
Asset Type
MultiFamily
Closing
Sep 28, 2020
About this deal
AI
A vacant 6 family multifamily property located at 1180 67th Street in Dyker Heights, Brooklyn has been sold for $1,750,000. The property spans 5,960 square feet with a price per square foot of $293. The transaction took place on September 29, 2020. The property is zoned as R5B.
Summary of transaction details
- Property Type: Multifamily - Vacant 6 Family
- Transaction Amount: $1,750,000
- Square Footage: 5,960
- Price Per Square Foot: $293
- Address: 1180 67th Street
- Market: Dyker Heights, Brooklyn
- Zoning: R5B
Wei Wen Wu has acquired the property from Joseph Caridi. The transaction was facilitated by brokers Samuel Finkler and John Brennan of Marcus & Millichap.
Players
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
9.06%
Cash-on-Cash
-2.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93