Updated Dec 21, 2023
Diana Wu Acquires Cypress Hills Multifamily From Ira Levinas
500 Jamaica Ave, Brooklyn, NY 11208, USA
$1,398,888
$423/SF
Building Size
3,300 SF
Asset Type
MultiFamily
Closing
Aug 15, 2018
About this deal
AI
A multifamily property located at 500 Jamaica Avenue in Cypress Hills has been sold in a closed transaction. The property spans 3,300 square feet and was sold for a sale price of $1,398,888. The asking price for the property was $1,490,000, resulting in a price per square foot of $423.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,398,888
- Square Footage: 3,300 sqft
- Address: 500 Jamaica Avenue
- Market: Cypress Hills
- Seller: Ira Levinas
- Buyer: Diana Wu
Nicholas Duarte from the brokerage firm represented the parties involved in the transaction.
Players
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
11.34%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93