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1968 77th Street

Lin Mei Xian Acquires Multifamily Property At 1968 77th Street Brooklyn For $1.67M
SOLDMultiFamily

Lin Mei Xian Acquires Multifamily Property At 1968 77th Street Brooklyn For $1.67M

1968 77th Street

$1,670,000

Building Size

Asset Type

MultiFamily

Closing

Jun 6, 2024

AI

The transaction involved a MultiFamily property situated at 1968 77th Street in the Brooklyn market. The asset was sold for $1,670,000.00.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,670,000.00
  • Address: 1968 77th Street
  • Market: Brooklyn
  • Buyer: LIN MEI XIAN
  • Brokers: Christopher J. Calabrese(The CS Organization)

Christopher J. Calabrese from The CS Organization represented the transaction, facilitating the sale process for the buyer LIN MEI XIAN.

Players

Christopher J. Calabrese

The CS Organization

Broker

$24.6M

vol

17 deals

Broker

LIN MEI XIAN

Buyer
Buyer

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

9.50%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93