Chun Lee Acquires Multifamily Property From Charles Kupfer In Brooklyn For $2.3M
SOLD
$2,300,000
New York
See Similar DealsMultiFamily5,720 SF
Sold 10/09/2024
SOLD
Chun Lee Acquires Multifamily Property From Charles Kupfer In Brooklyn For $2.3M
143 4th Avenue
See Similar DealsMultiFamily5,720 SF
Sold 10/09/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$402
Total Square Footage:5,720 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$122,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,171.42
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,903.17
Annual Debt Service$130,838.08
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