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1562 President Street, Crow...

Chana Greenbaum Acquires Crown Heights Multifamily For $1.2M
SOLDMultiFamily

Chana Greenbaum Acquires Crown Heights Multifamily For $1.2M

1562 President Street, Crown Heights, Brooklyn, NY, USA

$1,200,000

$789/SF

Building Size

1,520 SF

Asset Type

MultiFamily

Closing

Mar 4, 1920

AI

The multifamily property located at 1562 President Street in Crown Heights has been sold for $1,200,000. The property spans 1,520 square feet, resulting in a price per square foot of $789. The sale took place on March 5, 2020.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Square Footage: 1,520
  • Price Per Square Foot: $789
  • Market: Crown Heights

The seller of the property was Gloria Goodwin, and the buyer was Chana Greenbaum. The listing broker for the sale was Joshua Brown from Push Forward Realty Cooperative, while the buyer's representative was Chaya Zarchi from BH Tal Real Estate INC.

It should be noted that this property is a single-family home situated in Crown Heights. Joshua Brown acted as the principal broker for Push Forward Realty Cooperative, and Chaya Zarchi represented the buyer as an associate broker for BH Tal Real Estate Inc.

Players

Chaya Zarchi

Broker

$8.8M

vol

4 deals

Broker

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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93