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
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.
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
7.21%
Cash-on-Cash
-2.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93