Updated Oct 29, 2024
Teresa Ann Acquires Multi-Family Property In Brooklyn For $1.45M
20 Harrison Pl, Brooklyn, NY 11206, USA
$1,450,000
$339/SF
Building Size
4,275 SF
Asset Type
MultiFamily
Closing
Dec 19, 2017
About this deal
AI
The multi-family property located at 20 Harrison Place in Brooklyn, New York has been sold for a price of $1,450,000. The transaction was completed between the seller, Silvershore, and the buyer, Teresa Ann. The property is situated in the thriving market of East Williamsburg.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $1,450,000
- Seller: Silvershore
- Buyer: Teresa Ann
- Broker: Eastern Consolidated - Jonathan Schwartz
The property has a net operating income (NOI) of $70,000 and a capitalization rate (CAP rate) of 4.8%. Despite the upcoming L train shutdown, the area of East Williamsburg where the property is located continues to thrive.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93