Sigmund Freund Sells Multifamily Property In Brooklyn For $7.5M
SOLD
$7,452,000
New York
See Similar DealsMultiFamily5,740 SF
Sold 03/21/2022
SOLD
Sigmund Freund Sells Multifamily Property In Brooklyn For $7.5M
160 Stuyvesant Avenue, Brooklyn, New York 11221, United States
See Similar DealsMultiFamily5,740 SF
Sold 03/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,298
Total Square Footage:5,740 SF
Transaction Type:Sale
The multifamily property located at 160 & 164 Stuyvesant Ave. in Brooklyn has been sold for a total price of $7,452,000. The transaction took place on 03/21/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,452,000
- Address: 160 & 164 Stuyvesant Ave., Brooklyn
- Market: Brooklyn
- Units: 16
- Price Per Unit (PPU): $465,750
- Total Square Footage (SF): 11,220
- Price Per Square Foot (PPSF): $664
The seller of the property was Sigmund Freund. The brokers involved in the deal were Jack Harary from Latitude Property Group and Ari Harkov from Brown Harris Stevens.
If you are interested in buying or selling a property, please contact Jack Harary at [email protected] or 646-270-3607.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$397,440.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$26,475.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$35,326.28
Annual Debt Service$423,915.38
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