Updated Dec 19, 2023
Yunbin Wang Acquires Midwood Multifamily From DiCanio Family For $2.2M
1362 East 18th Street, Brooklyn, New York 11230, United States
$2,200,000
$333/SF
Building Size
6,600 SF
Asset Type
MultiFamily
Closing
May 25, 2022
About this deal
AI
The multifamily property located at 1362-1368 E. 18th St. in Midwood has been sold for a price of $2,200,000. The property spans a total area of 6,600 square feet, resulting in a price per square foot of $333. The transaction took place on May 26, 2022. The buyer of the property is Yunbin Wang, while the seller is the DiCanio Family.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,200,000
- Address: 1362-1368 E. 18th St.
- Market: Midwood
- Square Footage: 6,600
The deal was facilitated by Ian Mednick and Alexis Kravitz from Compass, who represented both the buyer and the seller in the transaction.
On the Map
$2,200,000
$333/SF
MultiFamily
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Brooklyn 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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93