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Lanfang Zou Acquires Multifamily Property From Vincent Noto In Brooklyn For $1.48M

Property Image
SOLD
$1,480,000
Vito Angelo
Billy Apter

New York

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MultiFamily3,080 SF
Sold 12/04/2025
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Property Image
SOLD

Lanfang Zou Acquires Multifamily Property From Vincent Noto In Brooklyn For $1.48M

1368 77th Street

See Similar Deals
MultiFamily3,080 SF
Sold 12/04/2025
Vito Angelo
Billy Apter
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$480
Total Square Footage:3,080 SF
Transaction Type:Sale

This multifamily property located at 1368 77th Street in Brooklyn has been sold for $1,480,000. The asset consists of 3 units with a total square footage of 3,080, resulting in a price per unit of $493,333 and a price per square foot of $480.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,480,000
  • Address: 1368 77th Street
  • Market: Brooklyn
  • Units: 3
  • Price Per Unit: $493,333
  • Square Footage: 3,080
  • Price Per Square Foot: $480
  • Buyer: Lanfang Zou
  • Seller: Vincent Noto
  • Brokers: Vito Angelo & Billy Apter - Re/Max

Vito Angelo and Billy Apter, representing the buyers and sellers in this transaction, are noted as top-producing agents. They offer free real estate market appraisals to potential clients, highlighting their experience and success in the market.

Players

Vito Angelo
Re/Max
Vito Angelo
38 deals$77.9M volume(718) 887-5708
BROKER
Vito Angelo
Re/Max
Vito Angelo
38 deals$77.9M volume(718) 887-5708
BROKER
Billy Apter
Re/Max
Billy Apter
33 deals$66.3M volume(347) 721-6599
BROKER
Re/Max
Re/Max
BROKERAGE

Details

SOLD
IMAGE: Vito Angelo DATE: 12/4/2025 ADDRESS: 1368 77th Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Lanfang Zou SELLER: Vincent Noto BROKERS: Vito Angelo (@TheVitoAngeloShow) (@VitoAngeloSellsBrooklyn) & Billy Apter (@TheRealEstateaTeamProf) - Re/Max SALE PRICE: $1,480,000 UNITS: 3 ~ PPU: $493,333 SF: 3,080 ~ PPSF: $480 NOTE FROM BROKER: Top Producing Agents! Your Home Maybe Worth More Than You Think! Call today to speak with One of our Top Selling Agents Vito Angelo ~ 718-887-5708 or Billy Apter ~ 347-721-6599 Free Real Estate Market Appraisal!

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$78,933.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,258.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,015.96
Annual Debt Service$84,191.46