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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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