Yoel Goldberg & Alex Jaffa Of Eastern Union Sell Multifamily Property In Brooklyn For $7.85M
SOLD
$7,850,000
New York
See Similar DealsMultiFamily55,000 SF
Sold 10/27/2022
SOLD
Yoel Goldberg & Alex Jaffa Of Eastern Union Sell Multifamily Property In Brooklyn For $7.85M
1685 East 5th Street
See Similar DealsMultiFamily55,000 SF
Sold 10/27/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$142
Total Square Footage:55,000 SF
Transaction Type:Sale
An multifamily property located at 1685 E 5th in Brooklyn has been sold for a price of $7,850,000. The property spans an area of 55,000 square feet, resulting in a price per square foot of $143.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,850,000
- Address: 1685 E 5th, Brooklyn
- Market: Brooklyn
- Brokers: Yoel Goldberg & Alex Jaffa - Eastern Union
- Square Footage: 55,000 sq ft
- Price per Square Foot: $143
Yoel Goldberg & Alex Jaffa from Eastern Union acted as the brokers in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$418,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,889.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,213.00
Annual Debt Service$446,556.06
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