Yaakov Lefkowitz Acquires Multifamily Property In Brooklyn For $1.315M
1334 40th St, Brooklyn, NY 11218, USA
$1,315,000
$64/SF
Building Size
20,400 SF
Asset Type
MultiFamily
Closing
Sep 11, 2018
AI
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.
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
12.06%
Cash-on-Cash
-3.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93