Henry Coon Acquires Multifamily Property In Brooklyn For $2.5M
SOLD
$2,500,000
New York
See Similar DealsMultiFamily3,600 SF
Sold
SOLD
Henry Coon Acquires Multifamily Property In Brooklyn For $2.5M
57 Saint Marks Place
See Similar DealsMultiFamily3,600 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$694
Total Square Footage:3600 SF
Transaction Type:Sale
A multifamily property located at 57 Saint Marks Place in Brooklyn was sold on 12/01/2020. The property spans 3,600 square feet and was sold for a price of $2,500,000, resulting in a price per square foot of $694.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,500,000
- Address: 57 Saint Marks Place, Brooklyn
- Market: Brooklyn
The buyer of the property was Henry Coon, while the seller was Miguel Sang. Representing the seller in the transaction were Joseph Baglio and Toni Bosamonte-Leatherman from Madison Estates.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$133,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,881.99
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,851.28
Annual Debt Service$142,215.31
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