Vito Lodato Acquires Greenwood Heights Multifamily For $1,150,000
124 23rd Street, Brooklyn, New York 11232, United States
$1,150,000
$550/SF
Building Size
2,090 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
A multifamily property located at 124 23rd St. in Greenwood Heights has been sold for $1,150,000. The property consists of 3 units with a total square footage of 2,090. The price per unit is $383,333 and the price per square foot is $550.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Address: 124 23rd St.
- Market: Greenwood Heights
The buyer of the property is Vito Lodato, while the seller is Ana Fernand. The deal was facilitated by brokers Doron Berenholtz, Stephanie Ohayon, and Adam Gur-Arie from The Corcoran Group.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93