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
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
9.04%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93