Updated Dec 21, 2023
Matthew Easton Acquires Multifamily Property On 10th Ave, Brooklyn For $3.16M
1662 10th Avenue, Brooklyn, New York 11215, United States
$3,160,000
$964/SF
Building Size
3,278 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
The multifamily property located at 1662 10th Ave in Windsor Terrace, Brooklyn has been sold for $3,160,000. The property spans a total of 3,278 square feet, resulting in a price per square foot value of $964. The lot size is 1,917 square feet, and the property is zoned as R5B. The previous sale of the property was recorded on November 30, 2017, with a price of $2,750,000. An alteration permit was issued on April 4, 2012.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,160,000
- Address: 1662 10th Ave, Windsor Terrace, Brooklyn
- Market: Windsor Terrace, Brooklyn
- Zoning: R5B
- Square Footage: 3,278
- Price per Square Foot: $964
- Lot Size: 1,917 square feet
- Last Sale Price: $2,750,000 (11/30/2017)
- Permits: Alteration 2 (04/04/2012)
The buyer of the property is Matthew Easton, and the seller is Nicholas Carlson.
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
5.02%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93