Updated Dec 11, 2024
Joseph L. Jemal Acquires Thomas S. Boyland Street Multifamily In Ocean Hill, Brooklyn
139 Thomas S Boyland St, Ocean Hill
$1,300,000
$251/SF
Building Size
5,175 SF
Asset Type
MultiFamily
Closing
Oct 29, 2020
About this deal
AI
An R6 zoned multifamily property located at 139 Thomas S. Boyland Street in Ocean Hill, Brooklyn has been sold for $1,300,000. The property spans 5,175 square feet and has a building square footage of 6,075. The price per square foot for the property is $251. The transaction took place on 10/30/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Market: Ocean Hill, Brooklyn
- Zoning: R6
- Buyer: Joseph L. Jemal (represented by ICER Properties)
- Seller: Bernard Hernandez
- Brokers: Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Bestreich Realty Group (BRG)
- Last Sale: $579,000 (5/2003)
- Tax Class: 2A
The buyer in this transaction, Joseph L. Jemal, was represented by ICER Properties. The seller was Bernard Hernandez. The deal was facilitated by the brokers Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila from Bestreich Realty Group (BRG).
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93