JGK Real Estate Holdings Purchases Multifamily Property From Wos & Wos Development For $4.35M
168 India Street
$4,350,000
$622/SF
Building Size
6,988 SF
Asset Type
MultiFamily
Closing
Sep 5, 2024
AI
The property asset involved in this transaction is a multifamily building located at 168 India Street in Brooklyn. The sale price for this asset was $4,350,000, encompassing a total of 6,988 square feet, which equates to a price per square foot of $622.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,350,000
- Address: 168 India Street
- Market: Brooklyn
- Square Footage: 6,988
- Price per Square Foot: $622
- Buyer: JGK Real Estate Holdings
- Buyer’s Representative: Benedetto Kahlun
- Seller: Wos & Wos Development
- Broker: Connor McCullough - JLL
Notably, the transaction was closed all-cash within a 30-day timeframe. JGK Real Estate Holdings, represented by Benedetto Kahlun, is actively seeking additional investment opportunities, with a request for deal submissions directed to [email protected].
Players
Brooklyn 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
3.65%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93