Superior Realty Group Acquires Multifamily Asset In Brooklyn From SRMC Management For $1.65M
SOLD
New York
See Similar DealsMultiFamily3,280 SF
Sold
SOLD
Superior Realty Group Acquires Multifamily Asset In Brooklyn From SRMC Management For $1.65M
1522 61st Street
See Similar DealsMultiFamily3,280 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$503
Total Square Footage:3280 SF
Transaction Type:Sale
The multifamily property located at 1522 61st Street in Brooklyn has been sold for $1,650,000. It comprises 4 units and totals 3,280 square feet, resulting in a price per unit of $412,500 and a price per square foot of $503.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 1522 61st Street
- Market: Brooklyn
- Units: 4
- Square Footage: 3,280
- Price Per Unit: $412,500
- Price Per Square Foot: $503
- Buyer: Superior Realty Group
- Seller: SRMC Management
- Brokers: Zachary Fuchs - GFI Realty Services
Zachary Fuchs of GFI Realty Services represented the buyer, Superior Realty Group, while the seller, SRMC Management, completed the transaction. The involvement of these parties facilitated the sale in the Brooklyn market.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$88,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,862.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,821.84
Annual Debt Service$93,862.10
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