Balzano Family Acquires MultiFamily Property In New York City For $2.95M
SOLD
$2,950,000
+ 2
New York
See Similar DealsMultiFamily17,760 SF
Sold 04/03/2023
SOLD
Balzano Family Acquires MultiFamily Property In New York City For $2.95M
2233 81st St Brooklyn, Ny 11214, Usa
See Similar DealsMultiFamily17,760 SF
Sold 04/03/2023
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$166
Total Square Footage:17,760 SF
Transaction Type:Sale
The multi-family property located at 2233 81st Street in New York City has been sold for a price of $2,950,000. This property consists of 24 units, with an average price per unit of $122,917. The total square footage of the property is 17,760, resulting in a price per square foot of $166.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,950,000
- Units: 24
- Price per Unit: $122,917
- Square Footage: 17,760
- Price per Square Foot: $166
The sale of this multi-family property was facilitated by the brokers Shlomo Antebi, Natan Safdieh, Nate Pilchik, Yosef Katz, and Erik Yankelovich from Atlas Realty Group. They represented the buyer, the Balzano Family, in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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