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1320 Blake Avenue, East New...

Luis & Oscar Villacis Acquire Multifamily Property On Blake Avenue In East New York For $700K
SOLDMultiFamily

Luis & Oscar Villacis Acquire Multifamily Property On Blake Avenue In East New York For $700K

1320 Blake Avenue, East New York, Brooklyn, NY, USA

$700,000

$293/SF

Building Size

2,389 SF

Asset Type

MultiFamily

Closing

Mar 18, 2021

AI

Located at 1320 Blake Avenue in East New York, the recently sold multifamily property offers a total of 2,389 square feet of space. The transaction took place on 03/19/2021, with a sale price of $700,000, which translates to a price per square foot of $293. The property was initially listed for $730,000.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $700,000
  • Address: 1320 Blake Avenue, East New York
  • Market: East New York

Luis & Oscar Villacis successfully acquired the property from Shellia & Charles Thomas. The buying side was represented by Joshua Brown from L.R.E.B and Jessica Avila from Keller Williams assisted in the deal. For further information, interested parties can get in touch with Joshua Brown at [email protected] or by calling 516-778-8360.

Note: Multiple listings are available through Push Forward Realty Cooperative, with Joshua Brown serving as the Principal Broker.

Players

Joshua Brown

Pushing Forward Development

Broker

$15.2M

vol

14 deals

Broker

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

22.66%

Cash-on-Cash

-6.48%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93