Sarah Hand Acquires 4-Unit Multifamily In Brooklyn For $2.6M
SOLD
$2,595,000
New York
See Similar DealsMultiFamily28,800 SF
Sold 10/10/2018
SOLD
Sarah Hand Acquires 4-Unit Multifamily In Brooklyn For $2.6M
174 Degraw St, Brooklyn, NY 11231, USA
See Similar DealsMultiFamily28,800 SF
Sold 10/10/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$90
Total Square Footage:28,800 SF
Transaction Type:Sale
The multifamily property located at 174 Degraw Street in Brooklyn has recently been sold. The transaction was completed for a sale price of $2,595,000. The property spans across 2,880 square feet and has a price per square foot (PPSF) of $901. This multifamily asset consists of 4 units.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,595,000
- Square Footage: 2,880
- Price Per Square Foot (PPSF): $901
- Address: 174 Degraw Street, Brooklyn
The buyer of this property is Sarah Hand, while Pamela Peterson is the seller. Representing the seller in this transaction is Dennis Cetinkaya.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,400.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,219.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,301.62
Annual Debt Service$147,619.49
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