JGK Real Estate Holdings Purchases Multifamily Property From Wos & Wos Development For $4.35M
SOLD
$4,350,000
New York
See Similar DealsMultiFamily6,988 SF
Sold 09/05/2024
SOLD
JGK Real Estate Holdings Purchases Multifamily Property From Wos & Wos Development For $4.35M
168 India Street
See Similar DealsMultiFamily6,988 SF
Sold 09/05/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$622
Total Square Footage:6,988 SF
Transaction Type:Sale
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].
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$232,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,454.62
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,621.22
Annual Debt Service$247,454.63
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