Sandra Blake Acquires Multifamily Property In East Flatbush For $842.5K
SOLD
$842,500
New York
See Similar DealsMultiFamily2,667 SF
Sold 07/20/2022
SOLD
Sandra Blake Acquires Multifamily Property In East Flatbush For $842.5K
51 East 89th Street
See Similar DealsMultiFamily2,667 SF
Sold 07/20/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$315
Total Square Footage:2,667 SF
Transaction Type:Sale
A multifamily property located at 51 E. 89th St. in East Flatbush has been sold in a recent transaction. The property consists of two units, with a total square footage of 2,667. The sale price for this transaction was $842,500, resulting in a price-per-unit (PPU) of $421,250 and a price-per-square-foot (PPSF) of $316.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $842,500
- Units: 2
- Price per Unit (PPU): $421,250
- Square Footage: 2,667
- Price per Square Foot (PPSF): $316
Sandra Blake has purchased the property from Sondra Glasgow. The deal was facilitated by the brokers from The Corcoran Group, namely Doron Berenholtz, Stephanie Ohayon, and Adam Gur-Arie. They represented both the buyer and the seller in this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$44,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,993.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,993.88
Annual Debt Service$47,926.56
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