Li Lifang Acquires Sunset Park Multifamily For $1.05M With John Brennan & Matt Dittmeier - Marcus & Millichap
523 52nd Street, Brooklyn, New York 11220, United States
$1,050,000
$607/SF
Building Size
1,728 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
AI
A multifamily property located at 523 52nd St. in Sunset Park was recently sold for a total price of $1,050,000. The property consists of 2 units with a square footage of 1,728. The price per unit was $525,000 and the price per square foot was $607. The transaction took place on April 28, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,050,000
- Units: 2
- Price per Unit: $525,000
- Square Footage: 1,728
- Price per Square Foot: $607
Li Lifang purchased the property from Leomaris Santana. The deal was facilitated by John Brennan and Matt Dittmeier from Marcus & Millichap, representing the buyer and seller respectively.
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
15.11%
Cash-on-Cash
-4.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93