SOLDMultiFamily
Teru Takayama Acquires Williamsburg Multifamily For $1.575M With Brokers Calabrese & Antolino
14 Devoe St, Brooklyn, NY 11211, USA
$1,575,000
$102/SF
Building Size
15,320 SF
Asset Type
MultiFamily
Closing
Jun 13, 2019
AI
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.
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
10.07%
Cash-on-Cash
-2.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93