FCA Acquires Brooklyn Property At 128 Cortelyou Rd For $2.95M With Seller's Reps IPRG
SOLD
$2,950,000
New York
See Similar DealsMultiFamily6,335 SF
SOLD
FCA Acquires Brooklyn Property At 128 Cortelyou Rd For $2.95M With Seller's Reps IPRG
128 Cortelyou Rd, Brooklyn, NY, 11218
See Similar DealsMultiFamily6,335 SF
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$465
Total Square Footage:6335 SF
Transaction Type:Sale
The property involved in this transaction is located at 128 Cortelyou Rd, Brooklyn, NY, 11218. The transaction was closed at a price of $2,950,000.00, encompassing a total area of 6,335 square feet within the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $2,950,000.00
- Address: 128 Cortelyou Rd, Brooklyn, NY, 11218
- Square Footage: 6,335
- Market: Brooklyn
- Buyer: FCA
- Seller's Representatives: Luke Sproviero, Brian Underkofler - Investment Property Realty Group (IPRG), Erik Rodriguez
The deal involved key individuals representing the seller, including Luke Sproviero and Brian Underkofler from the Investment Property Realty Group (IPRG), along with Erik Rodriguez. The buyer in this transaction is FCA, contributing to a robust portfolio within the Brooklyn market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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