Balzano Family Acquires MultiFamily Property In New York City For $2.95M
2233 81st St Brooklyn, Ny 11214, Usa
$2,950,000
$166/SF
Building Size
17,760 SF
Asset Type
MultiFamily
Closing
Apr 3, 2023
AI
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.
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93