Eden Ashourzadeh Acquires 549 Meeker Avenue Multifamily In New York City For $2.25M
SOLD
$2,250,000
New York
See Similar DealsMultiFamily3,900 SF
Sold 08/01/2023
SOLD
Eden Ashourzadeh Acquires 549 Meeker Avenue Multifamily In New York City For $2.25M
549 Meeker Ave Brooklyn, NY 11222, USA
See Similar DealsMultiFamily3,900 SF
Sold 08/01/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$576
Total Square Footage:3,900 SF
Transaction Type:Sale
A MultiFamily property located at 549 Meeker Avenue in New York City has been sold for a price of $2,250,000. The property consists of 5 units with a price per unit of $450,000. The total square footage of the property is 3,900, resulting in a price per square foot of $577.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $2,250,000
- Address: 549 Meeker Avenue
- Market: New York City
- Units: 5
- Price Per Unit: $450,000
- Square Footage: 3,900
- Price Per Square Foot: $577
Eden Ashourzadeh was the buyer in this transaction, while Nicholas Urzia acted as the seller. Both parties were represented by their respective brokers.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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