facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

237 79th St, Brooklyn, NY 1...

Christina Stathakos & Helen Andros Acquire Multifamily Property In Bay Ridge, Brooklyn For $1,755,000
SOLDMultiFamily

Christina Stathakos & Helen Andros Acquire Multifamily Property In Bay Ridge, Brooklyn For $1,755,000

237 79th St, Brooklyn, NY 11209, USA

$1,755,000

$48/SF

Building Size

36,000 SF

Asset Type

MultiFamily

Closing

Aug 20, 2020

AI

A multifamily property located at 237 79th Street in Bay Ridge, Brooklyn has been sold in a recent transaction. The property spans 3,600 square feet and was sold for a price of $1,755,000, resulting in a price per square foot of $487.50.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,755,000
  • Square Footage: 3,600
  • Price per Square Foot: $487.50
  • Address: 237 79th Street
  • Market: Bay Ridge, Brooklyn

The buyers of the property are Christina Stathakos and Helen Andros. The sellers, Ali Rashid and Sultan Rashid, represented by Ali Rashid of Kingsland Properties, facilitated the sale.

Kingsland Properties, the agency representing both the buyers and the sellers, actively seeks new opportunities in the market.

Players

Ali Rashid

KingslandProperties

Broker

$13.2M

vol

8 deals

Broker
Sultan Rashid

Sultan Rashid

Kingsland Properties

Seller

$10.8M

vol

7 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.04%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93