Sum Chinee Acquires Multifamily Property On Ten Eyck St For $2.325M
55 Ten Eyck Street
$2,325,000
$620/SF
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
The multifamily property located at 55 Ten Eyck Street in East Williamsburg, Brooklyn, was recently sold for $2,325,000. This property consists of 6 units with a total square footage of 3,750, resulting in a price per unit of $387,500 and a price per square foot of $620.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 6
- Square Footage: 3,750
- Price Per Unit: $387,500
- Price Per Square Foot: $620
- Address: 55 Ten Eyck Street
- Market: East Williamsburg, Brooklyn
Roni Yaghoobzar from Safdie Realty Group played a key role in this transaction, representing both the seller and the purchaser effectively. In case you are looking to sell a similar property or explore future opportunities, you can directly contact Roni Yaghoobzar at [email protected].
Brooklyn 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
6.82%
Cash-on-Cash
-1.95%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93