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Kevin Gold Acquires Multifamily Property On Sackett Street In Gowanus For $2.25M

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SOLD
$2,250,000

New York

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MultiFamily16,800 SF
Sold 09/02/2020
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Property Image
SOLD

Kevin Gold Acquires Multifamily Property On Sackett Street In Gowanus For $2.25M

446 Sackett St, Brooklyn, NY 11231, USA

See Similar Deals
MultiFamily16,800 SF
Sold 09/02/2020
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$133
Total Square Footage:16,800 SF
Transaction Type:Sale

The multifamily property located at 446 Sackett Street in Gowanus has been sold. The property is zoned as R6B and has a total building size of 3,334 square feet with a price per square foot of $674. The property consists of 1,680 square feet and has a price per square foot of $1,339. It is classified as Tax Class 1 and sits on a lot size of 1,667 square feet. The previous sale price for this property was $720,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,250,000
  • Buyer: Kevin Gold
  • Seller: Stephen R. Salett
  • Broker: Christina Prostano - Corcoran

Kevin Gold has purchased the property at 446 Sackett Street in Gowanus. The seller, Stephen R. Salett, facilitated the transaction through broker Christina Prostano from Corcoran.

Players

Christina Prostano
1 deal$2.3M volume(646) 373-3269
BROKER

Details

SOLD
IMAGE: Christina Prostano DATE: 09/02/2020 ADDRESS: 446 Sackett Street MARKET: Gowanus ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Kevin Gold SELLER: Stephen R. Salett BROKER: Christina Prostano – Corcoran PRICE: $2,250,000 BSF: 3,334 ~ PPBSF: $674 SF: 1,680 ~ PPSF: $1,339 TAX CLASS: 1 ~ LOT SIZE: 1,667 SF LAST SALE PRICE: $720,000 […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$120,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77