GD Capital And Gorjian Acquisitions Acquire 6-Unit Multifamily Property On Chauncey Street In NYC For $2.2M
SOLD
$2,235,000
New York
See Similar DealsMultiFamily5,460 SF
Sold 07/14/2023
SOLD
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
See Similar DealsMultiFamily5,460 SF
Sold 07/14/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$409
Total Square Footage:5,460 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$119,200.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,940.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,595.04
Annual Debt Service$127,140.48
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