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

Property Image
SOLD
$1,755,000

New York

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MultiFamily36,000 SF
Sold 08/21/2020
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Property Image
SOLD

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

237 79th St, Brooklyn, NY 11209, USA

See Similar Deals
MultiFamily36,000 SF
Sold 08/21/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$48
Total Square Footage:36,000 SF
Transaction Type:Sale

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

8 deals$13.2M volume(646) 981-3829
BROKER

Sultan Rashid
7 deals$10.8M volume(718) 380-7400
BROKER

Details

SOLD
IMAGE: Ali Rashid (@AliRashid86) & Sultan Rashid (@Sltn.Rshd) DATE: 08/21/2020 ADDRESS: 237 79th Street MARKET: Bay Ridge, Brooklyn ASSET TYPE: Multifamily SALE PRICE: $1,755,000 SF: 3,600 / PPSF: $487.50 BUYER: Christina Stathakos & Helen Andros SELLER: @KingslandProperties – Ali Rashid & Sultan Rashid BROKER: @KingslandProperties – Ali Rashid NOTE: Kingsland Properties is actively seeking […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$93,600.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,235.14
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,319.60
Annual Debt Service$99,835.14