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
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