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139 Thomas S Boyland St, Oc...

Updated Dec 11, 2024

Joseph L. Jemal Acquires Thomas S. Boyland Street Multifamily In Ocean Hill, Brooklyn
SOLDMultiFamily

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

Brian Davila

Investment Property Realty Group (IPRG)

Broker

$285M

vol

109 deals

Broker
Joseph L. Jemal

Joseph L. Jemal

Buyer

$598.7M

vol

36 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $251 per square foot on a published $1.3M for 5,175 square feet (2020).

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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

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