Cason Grant Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $930K
SOLD
$930,000
New York
See Similar DealsMultiFamily1,600 SF
Sold
SOLD
Cason Grant Sells Multifamily Property In Stuyvesant Heights, Brooklyn For $930K
316 Decatur Street
See Similar DealsMultiFamily1,600 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$581
Total Square Footage:1,600 SF
Transaction Type:Sale
A multifamily property located at 316 Decatur Street in Stuyvesant Heights, Brooklyn has been sold for a price of $930,000. The property consists of 2 units with an average price per unit of $465,000. The total square footage of the property is 1,600, resulting in a price per square foot of $581.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $930,000
- Units: 2
- Price per Unit: $465,000
- Square Footage: 1,600
- Price per Square Foot: $581
- Address: 316 Decatur Street, Stuyvesant Heights, Brooklyn
The seller of the property is Cason Grant. The transaction was facilitated by Lina Shi from S10 Realty Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$49,600.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,304.09
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,408.67
Annual Debt Service$52,904.09
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