Updated Dec 4, 2024
John Liebermann's 1518 50th Realty LLC Acquires Three-Unit Building In Borough Park For $3.2M
1518 50th Street
$3,200,000
Units
3
Asset Type
MultiFamily
Closing
Sep 6, 2023
About this deal
AI
John Liebermann's 1518 50th Realty LLC has acquired a three-unit multi-family building located at 1518 50th Street in Borough Park, Brooklyn. The property was sold by Yocheved Kohn and Hershel Wietschner's 1518 50th Street Realty Company LLC for a total price of $3,225,000. The sale took place on 09/06/2023.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,225,000
- Address: 1518 50th Street, Borough Park, Brooklyn
- Market: Borough Park, Brooklyn
- Buyer: John Liebermann
- Seller: Yocheved Kohn & Hershel Wietschner
John Liebermann's 1518 50th Realty LLC successfully purchased the three-unit building at 1518 50th Street from Yocheved Kohn and Hershel Wietschner's 1518 50th Street Realty Company LLC. This transaction signifies an important milestone in the real estate industry, with the buyer expanding their property portfolio in Borough Park, Brooklyn.
Players
Brooklyn MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93