TJ Higgins Acquires Multifamily Property In Brooklyn For $2.55M
SOLD
$2,550,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 04/18/2023
SOLD
TJ Higgins Acquires Multifamily Property In Brooklyn For $2.55M
269 Lefferts Avenue
See Similar DealsMultiFamily3,000 SF
Sold 04/18/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$850
Total Square Footage:3,000 SF
Transaction Type:Sale
The multifamily property located at 269 Lefferts Avenue in Brooklyn has been sold for a total of $2,550,000. The property consists of 2 units, with each unit priced at $1,275,000. The total square footage of the property is 3,000, with a price per square foot of $850.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Address: 269 Lefferts Avenue, Brooklyn
- Units: 2
- Price Per Unit: $1,275,000
- Square Footage: 3,000
- Price Per Square Foot: $850
The buyer's representative in this transaction was Thomas (TJ) Higgins from Douglas Elliman. The seller's representative was Tali Berzak.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$136,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,059.60
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,088.30
Annual Debt Service$145,059.61
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