Mao Huang & Torsten Suel Acquire Multifamily Property In Brooklyn For $2.175M
362 Parkside Ave, Brooklyn, Ny 11226
$2,175,000
$543/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Apr 20, 2023
AI
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.
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
7.29%
Cash-on-Cash
-2.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93