Steven Leung Acquires Multifamily Property In Homecrest, Brooklyn For $1.65M
2009 Avenue T
$1,650,000
$465/SF
Building Size
3,544 SF
Asset Type
MultiFamily
Closing
Dec 12, 2023
AI
The multifamily property located at 2009 Avenue T in Homecrest, Brooklyn was recently sold in a closed transaction. The property consists of 2 units with a total square footage of 3,544. The sale price for this transaction was $1,650,000, resulting in a price per unit of $825,000 and a price per square foot of $466.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Units: 2
- Price Per Unit: $825,000
- Square Footage: 3,544
- Price Per Square Foot: $466
The buyer in this transaction is Steven Leung, while the seller is the Estate of Sara Safdie. The deal was facilitated by Nina Sabag and Victor Althkefati from 5 Boro Realty acting as the brokers. Their role was to represent the respective parties involved in the transaction.
Players
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
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93