Patel Holdings Acquires Multifamily Property In Brooklyn For $2.975M
SOLD
New York
See Similar DealsMultiFamily41,250 SF
Sold 04/27/2018
SOLD
Patel Holdings Acquires Multifamily Property In Brooklyn For $2.975M
330 9th St, Brooklyn, NY 11215, USA & 330 9th St, Brooklyn, NY 11215, USA
See Similar DealsMultiFamily41,250 SF
Sold 04/27/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:41,250 SF
Transaction Type:Sale
The multifamily property located at 330 9th Street in Brooklyn, New York, was recently sold in a closed off-market transaction. The property spans over 3,750 square feet and has a price per square foot of $793. The transaction was completed at a price of $2,975,000, representing a 5% cap rate.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,975,000
- Square Footage: 3,750 sf
- Price per Square Foot: $793
- Seller: Divireth Metha
- Buyer: Patel Holdings
In this off-market transaction, David Gomez from Fountain Realty Group acted as the broker representing both the seller, Divireth Metha, and the buyer, Patel Holdings.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$0.00
Debt Service Coverage Ratio (DSCR)
0.00x
Cap Rate
0.00%
Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00
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