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143 4th Avenue

Chun Lee Acquires Multifamily Property From Charles Kupfer In Brooklyn For $2.3M
SOLDMultiFamily

Chun Lee Acquires Multifamily Property From Charles Kupfer In Brooklyn For $2.3M

143 4th Avenue

$2,300,000

$402/SF

Building Size

5,720 SF

Asset Type

MultiFamily

Closing

Oct 9, 2024

AI

The asset involved in the transaction is a multifamily property located at 143 4th Avenue in Brooklyn. The sale was completed for a total price of $2,300,000. The property comprises 8 units and has a total square footage of 5,720. The price per unit calculated to $287,500, while the price per square foot stands at $402.

Summary of transation details:

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Units: 8
  • Square Footage: 5,720
  • Price Per Unit: $287,500
  • Price Per Square Foot: $402
  • Buyer: Chun Lee
  • Seller: Charles Kupfer
  • Brokers: Moshe Goldberger - GFI Realty Services

The transaction featured Chun Lee as the buyer and Charles Kupfer as the seller. The deal was represented by broker Moshe Goldberger from GFI Realty Services, who facilitated the agreement between the two parties.

Players

Moshe Goldberger

GFI Realty Services

Broker

$40M

vol

17 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93