Morsav Inc. Facilitates $1.08M Acquisition Of Sheepshead Bay Multifamily Property
2017 Homecrest Avenue, Brooklyn, New York 11229, United States
$1,080,000
$327/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Apr 13, 2022
AI
A multifamily property located at 2017 Homecrest Ave in Sheepshead Bay, Brooklyn has been sold. The transaction was completed on 04/14/2022. The property consists of 6 units with a total square footage of 3,300. The sale price for the property was $1,080,000, resulting in a price per unit of $180,000 and a price per square foot of $327.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,080,000
- Units: 6
- Price per Unit: $180,000
- Square Footage: 3,300
- Price per Square Foot: $327
- Address: 2017 Homecrest Ave
- Market: Sheepshead Bay, Brooklyn
Evmorfea Maria Savidis of Morsav Inc. represented the seller in the transaction as the broker for the multifamily property.
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
14.69%
Cash-on-Cash
-4.20%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93