Rose Valley Capital Sells 48-Unit Multifamily Property In Bensonhurst, Brooklyn
SOLD
New York
See Similar DealsMultiFamily48,000 SF
Sold 07/18/2022
SOLD
Rose Valley Capital Sells 48-Unit Multifamily Property In Bensonhurst, Brooklyn
2069 85th Street
See Similar DealsMultiFamily48,000 SF
Sold 07/18/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$170
Total Square Footage:48,000 SF
Transaction Type:Sale
The multifamily property located at 2069 85th St. in Bensonhurst, Brooklyn has been sold in a closed transaction. The property, consisting of 48,000 square feet, is a multifamily asset with 48 units. The sale price for this transaction was $8,200,000, resulting in a price per unit (PPU) of $170,833 and a price per square foot (PPSF) of $170.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $8,200,000
- Market: Bensonhurst, Brooklyn
The seller of this property was Rose Valley Capital. The sale was facilitated by brokers Steven Vegh and Phil Goldstein from Westwood Realty Associates.
Players
SELLER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$437,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$29,132.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$38,872.18
Annual Debt Service$466,466.20
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