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581 East 93rd Street, East ...

Sandra Webster Acquires Multifamily Property In East Flatbush For $1M
SOLDMultiFamily

Sandra Webster Acquires Multifamily Property In East Flatbush For $1M

581 East 93rd Street, East Flatbush, Brooklyn, NY, USA

$1,000,000

$187/SF

Building Size

5,340 SF

Asset Type

MultiFamily

Closing

Sep 2, 2021

AI

The multifamily property located at 581 E. 93rd Street in East Flatbush was recently sold in a transaction on September 2, 2021. The property, with a total square footage of 5,340, falls under tax class 2A.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 581 E. 93rd Street
  • Market: East Flatbush
  • Asset Type: Multifamily
  • Tax Class: 2A

Sandra Webster acquired the property from Veronica O'Сonnor in the sale. The transaction was facilitated by broker Erik Rodriguez from Rodriguez Commercial Realty. The sale price for the property was $1,000,000, resulting in a price per square foot of $184. The property consists of 4 units, with each unit being valued at $250,000.

Players

Erik Rodriguez

Rodriguez Commercial Realty

Broker

$46.3M

vol

19 deals

Broker

New York 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93