Teru Takayama Acquires Williamsburg Multifamily For $1.575M With Brokers Calabrese & Antolino
SOLD
$1,575,000
New York
See Similar DealsMultiFamily15,320 SF
Sold 06/14/2019
SOLD
Teru Takayama Acquires Williamsburg Multifamily For $1.575M With Brokers Calabrese & Antolino
14 Devoe St, Brooklyn, NY 11211, USA
See Similar DealsMultiFamily15,320 SF
Sold 06/14/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$102
Total Square Footage:15,320 SF
Transaction Type:Sale
An multifamily property located at 14 Devoe St in Williamsburg was recently sold in a closed transaction. The property spans a total of 1,532 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,575,000
- Asking Price: $1,650,000
- Seller: Amelia Cutrone & Rosemary Vella
- Buyer: Teru Takayama
The deal was facilitated by brokers Christopher J. Calabrese & Michael Antolino, who represented the respective parties involved in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,595.64
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,466.30
Annual Debt Service$89,595.64
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