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.
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