SOLDMultiFamily
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
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.
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
13.62%
Cash-on-Cash
-3.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93