Lin Mei Xian Acquires Multifamily Property At 1968 77th Street Brooklyn For $1.67M
SOLD
$1,670,000
New York
See Similar DealsMultiFamily
Sold 06/06/2024
SOLD
Lin Mei Xian Acquires Multifamily Property At 1968 77th Street Brooklyn For $1.67M
1968 77th Street
See Similar DealsMultiFamily
Sold 06/06/2024
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$89,066.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,933.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,916.65
Annual Debt Service$94,999.82
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