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2009 Avenue T

Steven Leung Acquires Multifamily Property In Homecrest, Brooklyn For $1.65M
SOLDMultiFamily

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

Nina Sabag

5 Boro Realty

Broker

$40.3M

vol

22 deals

Broker
EO
Estate OfSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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