Xiu Hui Zheng Acquires Multifamily Property In Sunset Park, BK For $1.165M
SOLD
$1,165,000
New York
See Similar DealsMultiFamily2,380 SF
Sold 02/21/2019
SOLD
Xiu Hui Zheng Acquires Multifamily Property In Sunset Park, BK For $1.165M
362 47th St, Sunset Park, Brooklyn, NY, USA
See Similar DealsMultiFamily2,380 SF
Sold 02/21/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$489
Total Square Footage:2,380 SF
Transaction Type:Sale
A multifamily property located at 362 47th St in Sunset Park, BK has been sold for $1.165M. The property spans 2,380 square feet and was sold at a price of $490 per square foot.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1.165M
- Date: 02/21/2019
- Market: Sunset Park, BK
The seller of the property was Antonio Lopez, while the buyer was Xiu Hui Zheng. The transaction was facilitated by broker David Malkoukian.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,139.01
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,522.69
Annual Debt Service$66,272.33
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