Mitch Gordon Acquires Multifamily In Greenwood, Brooklyn For $1.75M
SOLD
$1,750,000
New York
See Similar DealsMultiFamily3,420 SF
Sold 03/12/2024
SOLD
Mitch Gordon Acquires Multifamily In Greenwood, Brooklyn For $1.75M
195 30th Street
See Similar DealsMultiFamily3,420 SF
Sold 03/12/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$511
Total Square Footage:3,420 SF
Transaction Type:Sale
The multifamily property located at 195 30th Street in Greenwood, Brooklyn, was sold for $1,750,000, featuring 5 units with a price per unit of $350,000. The property spans 3,420 square feet, amounting to a price per square foot of $512.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,750,000
- Units: 5
- Square Footage: 3,420
- Price per Unit: $350,000
- Price per Square Foot: $512
- Address: 195 30th Street
- Market: Greenwood, Brooklyn
Mitch Gordon purchased the property from the Deo Family, with Romain Sinclair of Greysteel acting as the broker in the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$93,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,217.39
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,295.89
Annual Debt Service$99,550.71
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