Updated Dec 4, 2024
Yi Ying Li Acquires MultiFamily Property In Bensonhurst, Brooklyn From Phil Chen
1931 67th Street
$1,300,000
$709/SF
Building Size
1,832 SF
Asset Type
MultiFamily
Closing
Sep 15, 2023
About this deal
AI
A MultiFamily property located at 1931 67th Street in Bensonhurst, Brooklyn has been sold. The property consists of 2 units with a total square footage of 1,832. The sale price for this transaction was $1,300,000, resulting in a price per unit of $650,000 and a price per square foot of $710.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $1,300,000
- Address: 1931 67th Street, Bensonhurst, Brooklyn
- Units: 2
- Price per Unit: $650,000
- Square Footage: 1,832
- Price per Square Foot: $710
The buyer of the property was Yi Ying Li, and the seller was Phil Chen. The deal was brokered by John Brennan and Miles Davis-Bosch, representing Marcus & Millichap.
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93