Townhouse Rental LLC Acquires Multifamily Property On 388 Cornelia Street, New York City For $3.8M
SOLD
$3,800,000
New York
See Similar DealsMultiFamily4,400 SF
Sold 06/08/2023
SOLD
Townhouse Rental LLC Acquires Multifamily Property On 388 Cornelia Street, New York City For $3.8M
388 Cornelia St Brooklyn, NY 11237, USA
See Similar DealsMultiFamily4,400 SF
Sold 06/08/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$863
Total Square Footage:4,400 SF
Transaction Type:Sale
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 Townhouse Rental LLC, 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.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$202,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,500.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,013.94
Annual Debt Service$216,167.26
Is there something missing? Send suggestions