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55 Ten Eyck Street

Updated Dec 4, 2024

Bilt advertisement
Sum Chinee Acquires Multifamily Property On Ten Eyck St For $2.325M
SOLDMultiFamily

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

About this deal

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].

Players

Roni Yaghoobzar

Safdie Realty Group

Broker

$25.8M

vol

15 deals

Broker

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $620 per square foot on a published $2.3M for 3,750 square feet (2024).

Visit Roni Yaghoobzar to view all their deals.

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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

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