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2412 East 28th Street

Shu Yi Wu And Yan Ha Huang Purchase Brooklyn Multifamily From Larry Weintraub And Others For $1.25M
SOLDMultiFamily

Shu Yi Wu And Yan Ha Huang Purchase Brooklyn Multifamily From Larry Weintraub And Others For $1.25M

2412 East 28th Street

$1,250,000

$416/SF

Building Size

3,003 SF

Asset Type

MultiFamily

Closing

Sep 23, 2024

AI

The property located at 2412 East 28th Street in Brooklyn is a multifamily asset featuring two units. This property has a sale price of $1,250,000, encompassing a total square footage of 3,003, resulting in a price per unit of $625,000 and a price per square foot of $416.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,250,000
  • Units: 2
  • Square Feet: 3,003
  • Price per Unit: $625,000
  • Price per Square Foot: $416
  • Buyer: Shu Yi Wu, Yan Ha Huang
  • Seller: Larry Weintraub, Sol Weintraub & Lorraine Grun
  • Broker: Jerry Tenenbaum - Top Nest Properties

The deal involves buyers Shu Yi Wu and Yan Ha Huang acquiring the property from sellers Larry Weintraub, Sol Weintraub, and Lorraine Grun. The transaction was facilitated by broker Jerry Tenenbaum from Top Nest Properties, representing the transaction effectively.

Players

Jerry Tenenbaum

Top Nest Properties

Broker

$15.5M

vol

11 deals

Broker

Brooklyn 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

12.69%

Cash-on-Cash

-3.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93