Updated Oct 29, 2024
Acquires Multifamily Property On 388 Cornelia Street, New York City For $3.8M
388 Cornelia St Brooklyn, NY 11237, USA
$3,800,000
$863/SF
Building Size
4,400 SF
Asset Type
MultiFamily
Closing
Jun 8, 2023
About this deal
AI
A multifamily property located at 388 Cornelia Street in New York City has been sold for $3,800,000. The property spans approximately 4,400 square feet, resulting in a price per square foot of $864.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Address: 388 Cornelia Street
- Market: New York City
The buyer of the property is , while the seller is Giovanni Castro, representing the 388 Cornelia Group. The brokerage for this transaction was also handled by Giovanni Castro, who is affiliated with Corcoran.
On the Map
$3,800,000
$863/SF
MultiFamily
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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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93