Jason Moore Acquires Multifamily Property In Greenwood Heights For $3.025M
SOLD
$3,025,000
New York
See Similar DealsMultiFamily6,400 SF
Sold 03/21/2022
SOLD
Jason Moore Acquires Multifamily Property In Greenwood Heights For $3.025M
209 21st Street, Brooklyn, New York 11232, United States
See Similar DealsMultiFamily6,400 SF
Sold 03/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$472
Total Square Footage:6,400 SF
Transaction Type:Sale
Located at 209 21st St. in Greenwood Heights, this multifamily property was recently sold in a closed transaction. The sale took place on 03/21/2022 and was facilitated by brokers Matt Fotis and Chase Midgley from Marcus & Millichap. The property consists of 8 units with a total square footage of 6,400. The sale price for this asset was $3,025,000, resulting in a price per unit of $378,125 and a price per square foot of $472.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,025,000
- Units: 8
- Price per Unit: $378,125
- Total Square Footage: 6,400
- Price per Square Foot: $472
- Market: Greenwood Heights
Jason Moore was the buyer in this transaction, represented by broker Matt Fotis and Chase Midgley from Marcus & Millichap. The deal showcases the expertise and professionalism of these brokers in successfully closing the sale.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$161,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,747.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,340.04
Annual Debt Service$172,080.52
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