Joseph Jemal Sells Multifamily Property In Ocean Hill For $1.1M
527 Chauncey Street, Brooklyn, New York 11233, United States
$1,100,000
$403/SF
Building Size
2,727 SF
Asset Type
MultiFamily
Closing
May 25, 2022
AI
A multifamily property in Ocean Hill has been sold for $1,100,000. The property, located at 527 Chauncey St., spans 2,727 square feet. The price per square foot for this transaction is $403.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 527 Chauncey St.
- Market: Ocean Hill
The seller of the property is Joseph Jemal. Alpha Realty represented the seller, with Lev Mavashev and Eli Yusupov acting as the brokers in the deal.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93