SOLDMultiFamily
Hing Sing Acquires Multifamily Building At 576 Washington Avenue In Clinton Hill For $3.5M
576 Washington Avenue
$3,500,000
$594/SF
Building Size
5,884 SF
Asset Type
MultiFamily
Closing
Jul 16, 2024
AI
No summary available.
Players
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93