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55 Ten Eyck Street

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

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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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