Alpha Realty Represents Sale Of 20-Unit Multifamily In New York City For $4.6M
SOLD
$4,600,000
New York
See Similar DealsMultiFamily15,440 SF
Sold 11/22/2022
SOLD
Alpha Realty Represents Sale Of 20-Unit Multifamily In New York City For $4.6M
29 Brooklyn Avenue
See Similar DealsMultiFamily15,440 SF
Sold 11/22/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:15,440 SF
Transaction Type:Sale
A multifamily property located at 29 Brooklyn Avenue in New York City has been sold in a closed transaction. The property consists of 20 units with a price per unit (PPU) of $230,000. The total square footage (SF) of the property is 15,440, with a price per square foot (PPSF) of $298. The transaction closed at a sale price of $4,600,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,600,000
- Address: 29 Brooklyn Avenue, New York City
- Market: New York City
The sale of the property was facilitated by Lev Mavashev and Daniel Aminov, representing Alpha Realty. They acted as brokers in the transaction, ensuring a successful closing for both the buyer and seller.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$245,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,342.84
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,806.35
Annual Debt Service$261,676.16
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