Greg Coady, Greg Moers, Nick Coady, And Sam Terzi Acquire Multifamily Property In Buskwick, Brooklyn
SOLD
New York
See Similar DealsMultiFamily3,180 SF
Sold 04/11/2019
SOLD
Greg Coady, Greg Moers, Nick Coady, And Sam Terzi Acquire Multifamily Property In Buskwick, Brooklyn
326 Cornelia Street, Brooklyn, NY 11237, USA
See Similar DealsMultiFamily3,180 SF
Sold 04/11/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$534
Total Square Footage:3,180 SF
Transaction Type:Sale
A multifamily property located at 326 Cornelia St in Buskwick, Brooklyn has been sold for $1.7 million. The property spans 3,180 square feet, resulting in a price per square foot of $534.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1.7M
- Address: 326 Cornelia St
- Market: Buskwick, Brooklyn
- Buyer: Greg Coady, Greg Moers, Nick Coady & Sam Terzi
- Seller: Oren Hakim
- Broker: Nile Lundgren @Compass
The individuals involved in the deal were Greg Coady, Greg Moers, Nick Coady, and Sam Terzi as the buyers, and the seller was Oren Hakim. Nile Lundgren from Compass acted as the broker in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$90,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,039.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,058.87
Annual Debt Service$96,706.41
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