Yerachamel Jacobson Acquires Multifamily Property On Rutland Rd, Prospect Lefferts Garden For $1.23M
SOLD
$1,230,000
New York
See Similar DealsMultiFamily3,200 SF
Sold 05/09/2019
SOLD
Yerachamel Jacobson Acquires Multifamily Property On Rutland Rd, Prospect Lefferts Garden For $1.23M
354 Rutland Road, Little Caribbean, Brooklyn, NY, USA
See Similar DealsMultiFamily3,200 SF
Sold 05/09/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:3,200 SF
Transaction Type:Sale
The multifamily property located at 354 Rutland Rd in Prospect Lefferts Garden was sold in a recent transaction. The property spans 3,200 square feet and was sold for a price of $1,230,000, resulting in a price per square foot of $384.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,230,000
- Square Footage: 3,200
- Address: 354 Rutland Rd
- Market: Prospect Lefferts Garden
The seller of the property was Christopher Steele, while the buyer was Yerachamel Jacobson. Representing the deal was broker Mina Pecorella.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$65,599.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,369.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,830.83
Annual Debt Service$69,969.93
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