Updated Dec 21, 2023
Shirley Chan Acquires Multifamily Property In Marine Park For $1.15M
2283 Ryder St, Brooklyn, NY 11234, USA
$1,150,000
$34/SF
Building Size
33,120 SF
Asset Type
MultiFamily
Closing
Nov 19, 2019
About this deal
AI
Located in Marine Park, the multifamily property at 2283 Ryder Street recently changed hands in a closed transaction. The property spans a total of 3,312 square feet and was sold for a sale price of $1,150,000. With an asking price of $1,250,000, the property sold at a price per square foot of $347. The transaction took place on November 20, 2019.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,150,000
- Market: Marine Park
The seller of the property was David Tsang, while the buyer was Shirley Chan. Representing the deal were brokers from REdefinedRE, with AviDynov playing a crucial role in the 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
13.79%
Cash-on-Cash
-3.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93