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.
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