Updated Oct 29, 2024
Yanying Zhu Acquires Bay Ridge Multifamily For $1.03M
258 67th St, Brooklyn, NY 11220, USA
$1,030,000
$22/SF
Building Size
46,200 SF
Asset Type
MultiFamily
Closing
Mar 4, 2020
About this deal
AI
The multifamily property located at 258 67th Street in Bay Ridge, Brooklyn has been sold in a closed transaction. The property spans a total of 4,620 square feet and consists of 6 units. The sale price for this transaction was $1,030,000, resulting in a price per square foot of $223. The seller of the property was the Estate of Yolanda Doyle, while the buyer was Yanying Zhu. The transaction was facilitated by John Brennan of Marcus & Millichap.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,030,000
- Square Footage: 4,620
- Price per Square Foot: $223
- Number of Units: 6
- Price per Unit: $171,666
This transaction involved the sale of a multifamily property in Bay Ridge, Brooklyn. The property was sold by the Estate of Yolanda Doyle. The buyer of the property was Yanying Zhu, and the deal was brokered by John Brennan of Marcus & Millichap.
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
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93