Updated Dec 21, 2023
Yo Yo Chen Acquires Multifamily Property In Fort Greene, BK For $3.96M
166 Lafayette Avenue, Brooklyn, NY 11238
$3,960,000
$761/SF
Building Size
5,200 SF
Asset Type
MultiFamily
Closing
Mar 12, 2019
About this deal
AI
Located in Fort Greene, BK, the multifamily property at 166 Lafayette Ave has been sold in a closed transaction. The deal was finalized on March 13, 2019, with a sale price of $3,960,000. Spanning across 5,200 square feet, the property was sold at an average price per square foot of $761.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,960,000
- Market: Fort Greene, BK
- Seller: Edna Clark
- Buyer: Yo Yo Chen
- Brokers: Renata Chechelnitsky - Avi Dynov
The successful sale was made possible through the representation of Renata Chechelnitsky and Avi Dynov, who acted as brokers for this transaction.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Avi Dynov to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.01%
Cash-on-Cash
-1.14%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93