Evan & Mark Rutchik Acquire Multifamily Property In New York City For $980,000
1541 Nostrand Ave. Brooklyn, NY 11226, USA
$980,000
$297/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
May 18, 2023
AI
A multifamily property located at 1541 Nostrand Avenue in New York City has been sold for $980,000. The property spans approximately 3,300 square feet, resulting in a price per square foot of $297.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $980,000
- Address: 1541 Nostrand Avenue
- Market: New York City
Evan Rutchik and Mark Rutchik were the buyers of the property, while Ruby Allen and Claudette Pough were the sellers. The transaction was facilitated by Jerry Tenenbaum from Top Nest Properties.
New York 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
16.19%
Cash-on-Cash
-4.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93