SOLD
Emad Sohail Acquires Multifamily Property In Cypress Hills For $995K
568 Pine Street
MultiFamily
2,800 SF
2,800 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
2,800 sqft
A multifamily property located at 568 Pine St. in Cypress Hills has been sold. The property consists of a 2,800 square foot building with 4 units. The sale price for the property was $995,000, resulting in a price per unit of $248,750. The price per square foot is $355, and the cap rate is 7.4%.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $995,000
- Units: 4
- Price per Unit: $248,750
- Square Footage: 2,800
- Price per Square Foot: $355
- Cap Rate: 7.4%
- Market: Cypress Hills
The buyer of the property is Emad Sohail, while the seller is Bibi Khan. Marc Richter and Jacob Ashkenazie from Commerce Realty Group represented the seller in this transaction.
Interested in their newest deal? Commerce Realty Group has just listed a 24-unit multifamily property on Steinway Street. You can reach out to them for more information on this off-market exclusive.
Players
All
2
Agents
2
Details
SOLD
IMAGE: Jacob Ashkenazie & Marc Richter
DATE: 05/06/2022
ADDRESS: 568 Pine St.
MARKET: Cypress Hills
ASSET TYPE: Multifamily
BUYER: Emad Sohail
SELLER: Bibi Khan
SELLER'S REP: Marc Richter & Jacob Ashkenazie (@Jacob_Ash1) - Commerce Realty Group (@CommerceRealtyGroup)
SALE PRICE: $995,000
UNITS: 4 ~ PPU: $248,750
SF: 2,800 ~ PPSF: $355
CAP: 7.4%
NOTE FROM @CommerceRealtyGroup: 2,800 SF building, $355 psf, 7.4% CAP. Interested in our newest deal? We just listed a 24 unit multifamily on Steinway Street! DM us for this off market exclusive!View on map
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Address568 Pine Street
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