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
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