Rosenberg Family Purchases Multifamily Property From Azour Family In Brooklyn For $790,000
SOLD
$790,000
New York
See Similar DealsMultiFamily3,000 SF
Sold
SOLD
Rosenberg Family Purchases Multifamily Property From Azour Family In Brooklyn For $790,000
181 Newport Street
See Similar DealsMultiFamily3,000 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:3000 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily unit located at 181 Newport Street in Brooklyn. The sale price for the asset was $790,000, with a total square footage of 3,000, resulting in a price per square foot of $263.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $790,000
- Address: 181 Newport Street
- Market: Brooklyn
- Square Footage: 3,000
- Price per Square Foot: $263
- Buyer: Rosenberg Family
- Seller: Azour Family
Yossi Azour represents the seller, the Azour Family, in this transaction. The Azour Family is also seeking additional distressed properties in the markets of Queens, Brooklyn, Bronx, and Manhattan.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$42,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,806.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,745.00
Annual Debt Service$44,940.04
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