John F Beinert Acquires MultiFamily Property From Stephen Beinert For $5.1M

1531 68th Street

$5,100,000

$106/SF

Building Size

48,000 SF

Asset Type

MultiFamily

Closing

May 29, 2024

AI

In Bensonhurst, Brooklyn, a multifamily property located at 1531 68th Street with a total square footage of 48,000 was recently sold for $5,100,000 at a price per square foot of $106.

Summary of transation details:

Property Type: MultiFamily
Transaction Amount: $5,100,000
Address: 1531 68th Street
Market: Bensonhurst, Brooklyn

The buyer of the property was John F Beinert, while the seller was Stephen Beinert.

Players

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.11%

Cash-on-Cash

-0.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93