Updated Sep 5, 2024
Xiu Hui Zheng Acquires Multifamily Property In Sunset Park, BK For $1.165M
362 47th St, Sunset Park, Brooklyn, NY, USA
$1,165,000
$489/SF
Building Size
2,380 SF
Asset Type
MultiFamily
Closing
Feb 20, 2019
About this deal
AI
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.
The multifamily sale at 362 47th St, Sunset Park, Brooklyn, NY, USA in New York, New York sold for $1.2M in 2019. The building is 2,380 square feet, implying about 489 per square foot on the published price. David Malkoukian, Rise Realty appear on the sale alongside Rise Realty. This page is the New York, New York file for the 362 47th St, Sunset Park, Brooklyn, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 362 47th St, Sunset Park, Brooklyn, NY, USA around 2019. Published consideration for 362 47th St, Sunset Park, Brooklyn, NY, USA is $1.2M, dated 2019. Cite this Xiu Hui Zheng Acquires Multifamily Property In Sunset Park, BK For $1.165M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93