Updated Dec 4, 2024
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].
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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