Yaakov Lefkowitz Acquires Multifamily Property In Brooklyn For $1.315M
SOLD
$1,315,000
New York
See Similar DealsMultiFamily20,400 SF
Sold 09/12/2018
SOLD
Yaakov Lefkowitz Acquires Multifamily Property In Brooklyn For $1.315M
1334 40th St, Brooklyn, NY 11218, USA
See Similar DealsMultiFamily20,400 SF
Sold 09/12/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$64
Total Square Footage:20,400 SF
Transaction Type:Sale
The multifamily property located at 1334 40th Street in Brooklyn, New York, was recently sold on September 12, 2018. The property is situated in the Market Boro-Park submarket.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,315,000
- Square Footage: 2,040 SF
- Price per Square Foot: $644
- Seller: Collen Ann Panaro Higgins
- Buyer: Yaakov Lefkowitz
- Broker: Christopher J. Calabrese (Realty Executives)
Christopher J. Calabrese from Realty Executives represented both the buyer, Yaakov Lefkowitz, and the seller, Collen Ann Panaro Higgins, in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$70,133.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,671.93
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,233.77
Annual Debt Service$74,805.25
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