Greg Quechol Acquires East New York Multifamily For $749,000
SOLD
$749,000
New York
See Similar DealsMultiFamily2,045 SF
Sold 04/01/2021
SOLD
Greg Quechol Acquires East New York Multifamily For $749,000
53 Shepherd Avenue, Brooklyn, NY, USA
See Similar DealsMultiFamily2,045 SF
Sold 04/01/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$366
Total Square Footage:2,045 SF
Transaction Type:Sale
The multifamily property located at 53 Shepherd Ave. in East New York was recently sold in a transaction that closed on April 1, 2021. The property is zoned as R4 and has a total square footage of 2,045. The sale was facilitated by brokers @MattanLevy and @ElanaMagreli from Movil Realty, who represented the buyer and seller, respectively.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $749,000
- Address: 53 Shepherd Ave., East New York
- Market: East New York
- Last Sale: $576,000 (6/2016)
The buyer of the property is Greg Quechol, while the seller is Jason Niaev. The sale price for the property was $749,000, resulting in a price per square foot of $366. This marks an increase from the previous sale price of $576,000 in June 2016.
Please note that no additional information was provided regarding this transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$39,946.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,661.03
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,550.64
Annual Debt Service$42,607.71
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