Claire Parker Buys Multifamily Property At 402 Van Siclen Avenue From Adebayo O. Adefope For $950,000
SOLD
$950,000
New York
See Similar DealsMultiFamily2,000 SF
Sold
SOLD
Claire Parker Buys Multifamily Property At 402 Van Siclen Avenue From Adebayo O. Adefope For $950,000
402 Van Siclen Avenue
See Similar DealsMultiFamily2,000 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$475
Total Square Footage:2000 SF
Transaction Type:Sale
A multifamily property located at 402 Van Siclen Avenue in Brooklyn was sold for $950,000. The asset includes 2 units with a total square footage of 2,000, resulting in a price per unit of $475,000 and a price per square foot of $475.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $950,000
- Buyer: Claire Parker
- Seller: Adebayo O. Adefope
- Seller's Representative: Anthony L. Morris & Lisa James - The Corcoran Group
- Units: 2
- Square Footage: 2,000
- Price Per Unit: $475,000
- Price Per Square Foot: $475
The transaction was facilitated by Anthony L. Morris and Lisa James, who represented the seller, Adebayo O. Adefope, during the sale process. Their involvement played a crucial role in the transaction of the multifamily asset.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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