GD Capital And Gorjian Acquisitions Acquire 6-Unit Multifamily Property On Chauncey Street In NYC For $2.2M
375 Chauncey St Brooklyn, NY 11233, USA
$2,235,000
$409/SF
Building Size
5,460 SF
Asset Type
MultiFamily
Closing
Jul 14, 2023
AI
A multi-family property located at 375 Chauncey Street in New York City has been sold for a price of $2,235,000. The property consists of 6 units with a price per unit of $372,500. It spans across 5,460 square feet, with a price per square foot of $409.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,235,000
- Address: 375 Chauncey Street, New York City
- Units: 6
- Price per Unit: $372,500
- Square Footage: 5,460
- Price per Square Foot: $409
The buyer of the property is GD Capital represented by Mark Guindi and Gorjian Acquisitions represented by Joel Gorjian. The seller is Adam Cohen from The Stuyvesant Group. The transaction was facilitated by broker Marcel Fridman from Barcel Group.
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
7.10%
Cash-on-Cash
-2.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93