Updated Dec 20, 2023
Alex Hakan Acquires Ocean Hill Multifamily From Velma Boyce For $1.35M
218 Hull St, Brooklyn, NY 11233, USA
$1,350,000
$177/SF
Building Size
7,600 SF
Asset Type
MultiFamily
Closing
Sep 26, 2019
About this deal
AI
The multifamily property located at 218 Hull Street in Ocean Hill, Brooklyn has been sold in a closed transaction. The property consists of 8 units and spans a total area of 7,600 square feet. The sale price for this transaction was $1,350,000, resulting in a price per square foot of $177. The buyer, Alex Hakan, purchased the property from the seller, Velma Boyce.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,350,000
- Address: 218 Hull Street
- Market: Ocean Hill, Brooklyn
- SF: 7,600
- PPSF: $177
- Units: 8
- Buyer: Alex Hakan
- Seller: Velma Boyce
The deal was facilitated by Bestreich Realty Group, represented by Derek Bestreich, Steve Reynolds, Tom Reynolds, and Brian Davila. They acted as brokers in the transaction, assisting both the buyer and the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Tom Reynolds 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
11.75%
Cash-on-Cash
-3.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93