Updated Dec 21, 2023
Yun Bing Chen Acquires Multifamily Property In Brooklyn's Sunset Park For $980K
250 W 50th St, New York, NY 10019, USA
$980,000
$751/SF
Building Size
1,304 SF
Asset Type
MultiFamily
Closing
Feb 11, 2020
About this deal
AI
A multifamily property located at 250 50th Street in Brooklyn's Sunset Park neighborhood has been sold. The property spans 1,304 square feet and was sold for $980,000. With a price per square foot of $751.53, the property consists of two units, resulting in a per unit price of $490,000.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $980,000
- Address: 250 50th Street
- Market: Brooklyn, Sunset Park
- Square Footage: 1,304 SF
- Price per Square Foot: $751.53
- Number of Units: 2
- Price per Unit: $490,000
The seller of the property was Oded Licht, while the buyer was Yun Bing Chen. The transaction was facilitated by broker Doron Berenholtz.
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
16.19%
Cash-on-Cash
-4.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93