Bluejay Management Acquires Multifamily Property In Flatbush, Brooklyn For $6.5M
SOLD
$6,485,000
New York
See Similar DealsMultiFamily32,800 SF
Sold 05/15/2019
SOLD
Bluejay Management Acquires Multifamily Property In Flatbush, Brooklyn For $6.5M
2802 Clarendon Road, Brooklyn, NY, USA
See Similar DealsMultiFamily32,800 SF
Sold 05/15/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$197
Total Square Footage:32,800 SF
Transaction Type:Sale
Bluejay Management has acquired a multifamily property in Flatbush, Brooklyn. The property, located at 2802 Clarendon Road, spans 32,800 square feet.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,485,000
- Address: 2802 Clarendon Road, Flatbush, Brooklyn
- Market: Flatbush, Brooklyn
The seller, Mitchell Hill, sold the property to Bluejay Management at a final sale price of $6,485,000. The transaction was facilitated by the seller's representative, Shlomo Antebi, and the buyer's representative, Yosef Katz.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$345,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,039.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$30,742.21
Annual Debt Service$368,906.50
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