Sandra Webster Acquires Multifamily Property In East Flatbush For $1M
SOLD
$1,000,000
New York
See Similar DealsMultiFamily5,340 SF
Sold
SOLD
Sandra Webster Acquires Multifamily Property In East Flatbush For $1M
581 East 93rd Street, East Flatbush, Brooklyn, NY, USA
See Similar DealsMultiFamily5,340 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$187
Total Square Footage:5340 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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