Updated Sep 9, 2024
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
About this deal
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.
On the Map
$1,000,000
$187/SF
MultiFamily
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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