Mao Huang & Torsten Suel Acquire Multifamily Property In Brooklyn For $2.175M
SOLD
$2,175,000
New York
See Similar DealsMultiFamily4,000 SF
Sold 04/20/2023
SOLD
Mao Huang & Torsten Suel Acquire Multifamily Property In Brooklyn For $2.175M
362 Parkside Ave, Brooklyn, Ny 11226
See Similar DealsMultiFamily4,000 SF
Sold 04/20/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$543
Total Square Footage:4,000 SF
Transaction Type:Sale
A multifamily property located at 362 Parkside Avenue in Brooklyn has been sold for $2,175,000. The property spans 4,000 square feet, resulting in a price per square foot of $544.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $2,175,000
- Market: Brooklyn
- Buyer: Mao Huang & Torsten Suel
- Seller: Alex Kaushansky
- Broker: Denis Abayev - Denis Abayev Realty
Mao Huang and Torsten Suel have purchased the property at 362 Parkside Avenue in Brooklyn from the seller, Alex Kaushansky. The deal was facilitated by broker Denis Abayev of Denis Abayev Realty.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$115,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,727.32
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,310.61
Annual Debt Service$123,727.32
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