Jerry Toussaint Purchases Multifamily Property On Gunther Pl. In Ocean Hill For $1.55M
16 Gunther Place, Brooklyn, New York 11233, United States
$1,550,000
$574/SF
Building Size
2,700 SF
Asset Type
MultiFamily
Closing
Mar 10, 2022
AI
A multifamily property located at 16 Gunther Pl. in Ocean Hill, Brooklyn has been sold for $1,550,000. The property consists of 3 units with a total square footage of 2,700. The price per unit is approximately $516,666, and the price per square foot is $574. The sale took place on March 11, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 16 Gunther Pl., Ocean Hill, Brooklyn
- Market: Ocean Hill
The buyer of the property is Jerry Toussaint, while the seller is Joseph Aghelian. The transaction was facilitated by Sully Klein from Real Street.
@RealStreetNY mentioned that this sale has broken their previous record for the highest price of a 3-family property of this size in the area. Their previous record was set in 2019 at 225 Thomas S Boyland for a sale price of $1.44 million.
Players
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93