facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

1380 Dekalb Ave, Brooklyn, ...

HIP Acquisitions Acquires MultiFamily Property On Dekalb Ave For $1.5M
SOLDMultiFamily

HIP Acquisitions Acquires MultiFamily Property On Dekalb Ave For $1.5M

1380 Dekalb Ave, Brooklyn, NY 11221, USA

Building Size

6,500 SF

Asset Type

MultiFamily

Closing

Nov 28, 2020

AI

The multi-family property located at 1380 Dekalb Ave in New York has been sold in a closed transaction for a price of $1,500,000. Spanning 6,500 square feet, the property is valued at approximately $230 per square foot. The transaction involved a total of 8 units, with an average price per unit of $187,500.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,500,000
  • Square Footage: 6,500 SF
  • Price per Square Foot: $230
  • Total Units: 8
  • Price per Unit: $187,500

The seller of the property is Ulysses Reid, while the buyer is Todd Bell of HIP Acquisitions. Representing the deal as the broker is Rami Polinsky from HPNY.

Players

Rami Polinsky

Broker

$42.4M

vol

10 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93