Updated Dec 21, 2023
Marjorie Williams Acquires Multifamily Property In East Flatbush For $1.6M
3524 Church Ave, Brooklyn, NY 11203, USA
$1,600,000
$2,909/SF
Building Size
550 SF
Asset Type
MultiFamily
Closing
Apr 7, 2020
About this deal
AI
A multifamily property located at 3524 Church Avenue in East Flatbush has been sold in a closed transaction. The property consists of 7 units and spans 5,500 square feet. The sale was completed at a price of $1,600,000, resulting in a price per square foot of $291.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 3524 Church Avenue
- Market: East Flatbush
- Square Footage: 5,500
- Price Per Square Foot: $291
- Units: 7
Marjorie Williams acted as the buyer in this transaction, while Vernon Johnson served as the seller.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93