Kumar Sur Acquires Multifamily Property In Brooklyn For $2.01M
393 East 34th Street, Brooklyn, New York 11203, United States
$2,010,000
$448/SF
Building Size
4,484 SF
Asset Type
MultiFamily
Closing
Jan 13, 2022
AI
The multifamily property located at 393 & 395 E. 34th in Brooklyn has recently been sold. The sale, which took place on January 14, 2022, involved a total of four units within the property. The buyer, Kumar Sur, acquired the property from the seller, Eli Asdon, for a sale price of $2,010,000. This translates to approximately $502,500 per unit. The total square footage of the property is 4,484, resulting in a price per square foot of $448.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,010,000
- Units: 4
- Price Per Unit: $502,500
- Square Footage: 4,484
- Price Per Square Foot: $448
- Market: Brooklyn
The sale was facilitated by Sully Klein from Real Street, who represented the buyer, Kumar Sur. Both parties involved in the transaction successfully concluded the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.89%
Cash-on-Cash
-2.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93