Dmitry Platonov Acquires Multifamily Building On Corbin Place For $1.55M
SOLD
$1,550,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 07/14/2021
SOLD
Dmitry Platonov Acquires Multifamily Building On Corbin Place For $1.55M
239 Corbin Place, Brooklyn, NY, USA
See Similar DealsMultiFamily3,000 SF
Sold 07/14/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$516
Total Square Footage:3,000 SF
Transaction Type:Sale
A multifamily property located at 239 Corbin Place in Manhattan Beach, Brooklyn has been sold. The property spans 3,000 square feet with a price per square foot of $516. The transaction took place on July 14, 2021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 239 Corbin Place
- Market: Manhattan Beach, Brooklyn
The buyer of the property is Dmitry Platonov, while the seller is Dr. Michael Patin. The deal was facilitated by Jeff Reyngach from CompassNY. The asking price for the property was $1,699,000.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$82,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,506.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,347.79
Annual Debt Service$88,173.49
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