Vito Lodato Acquires Greenwood Heights Multifamily For $1,150,000
SOLD
$1,150,000
New York
See Similar DealsMultiFamily2,090 SF
Sold 05/16/2022
SOLD
Vito Lodato Acquires Greenwood Heights Multifamily For $1,150,000
124 23rd Street, Brooklyn, New York 11232, United States
See Similar DealsMultiFamily2,090 SF
Sold 05/16/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$550
Total Square Footage:2,090 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$61,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,085.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,451.59
Annual Debt Service$65,419.04
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