Updated Oct 25, 2024
Balzano Family Acquires 14-Unit Multifamily Property In Brooklyn For $1.95M
195 Bay 29th Street, Brooklyn, NY, USA
$1,950,000
$146/SF
Building Size
13,350 SF
Asset Type
MultiFamily
Closing
Dec 9, 2020
About this deal
AI
An multifamily property located at 195 Bay 29th Street in Brooklyn was recently sold for $1,950,000. The property consists of 14 units with a total square footage of 13,350. The price per unit was approximately $139,285, and the price per square foot was around $146. The sale took place on December 10, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,950,000
- Address: 195 Bay 29th Street
- Market: Brooklyn
- Zoning: R5
The buyer of the property was the Balzano family, while the seller was the Kelly family. The transaction was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC.
Players
New York 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
8.13%
Cash-on-Cash
-2.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93