Kwang Han Acquires Multifamily Property On 145 George Street For $1.175M
SOLD
$1,175,000
New York
See Similar DealsMultiFamily2,236 SF
Sold 11/06/2023
SOLD
Kwang Han Acquires Multifamily Property On 145 George Street For $1.175M
145 George Street
See Similar DealsMultiFamily2,236 SF
Sold 11/06/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$525
Total Square Footage:2,236 SF
Transaction Type:Sale
A multifamily property located at 145 George Street in Bushwick, Brooklyn has been sold in a recent transaction. The property consists of 2 units, with a total square footage of 2,236. The sale price for this transaction was $1,175,000, resulting in a price per unit of $587,500 and a price per square foot of $525.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Units: 2
- Price per Unit: $587,500
- Square Footage: 2,236
- Price per Square Foot: $525
The buyer of the property is Kwang Han, while the seller is Elisabeth Medina. The deal was facilitated by two brokers: Daniel Barcelowsky from Evergreen Realty & Investments and Edward Cho from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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