Updated Dec 21, 2023
Jian Cha Acquires Multifamily Property In Sunset Park, Brooklyn For $4.68M
5716 8th Avenue, Brooklyn, New York 11220, United States
$4,678,880
$1,271/SF
Building Size
3,680 SF
Asset Type
MultiFamily
Closing
Aug 21, 2022
About this deal
AI
An multifamily property located at 5716 8 Avenue in Sunset Park, Brooklyn was recently sold. The property spans across 3,680 square feet and was sold for a total price of $4,678,880. The price per square foot for this transaction was $1,271.43.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,678,880.00
- Address: 5716 8 Avenue, Sunset Park, Brooklyn
- Square Footage: 3,680
The buyer in this transaction was Jian Cha, while the seller was Kin Fung Chu. Both parties were represented by their respective brokers.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.39%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93