Updated Sep 9, 2024
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
About this deal
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.
The multifamily sale at 14 Devoe St, Brooklyn, NY 11211, USA in New York, New York sold for $1.6M in 2019. The building is 15,320 square feet, implying about 102 per square foot on the published price. Michael "Mike" Antolino, Christopher J. Calabrese, The CS Organization appear on the sale alongside The CS Organization. This page is the New York, New York file for the 14 Devoe St, Brooklyn, NY 11211, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 14 Devoe St, Brooklyn, NY 11211, USA around 2019. Published consideration for 14 Devoe St, Brooklyn, NY 11211, USA is $1.6M, dated 2019. Cite this Teru Takayama Acquires Williamsburg Multifamily For $1.575M With Brokers Calabrese & Antolino sale when underwriting similar multifamily product around New York, New York.
Players
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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