Debbie Karamoshos Acquires Multifamily Property On 2nd Street In Brooklyn For $3.95M
SOLD
$3,950,000
New York
See Similar DealsMultiFamily4,500 SF
Sold 06/28/2019
SOLD
Debbie Karamoshos Acquires Multifamily Property On 2nd Street In Brooklyn For $3.95M
594 2nd St, Brooklyn, NY 11215, USA
See Similar DealsMultiFamily4,500 SF
Sold 06/28/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$877
Total Square Footage:4,500 SF
Transaction Type:Sale
The multifamily property located at 594 2nd Street in Brooklyn's Park Slope neighborhood has been sold in a closed transaction. The property spans approximately 4,500 square feet with an asking price of $4,397,000. The final sale price was $3,950,000, resulting in a price per square foot of $877.
Summary of transaction details
- Property Type: Multifamily
- Asking Price: $4,397,000
- Sale Price: $3,950,000
- Square Footage: 4,500
- Price per Square Foot: $877
The seller of the property was Jonathan Porotsky, while the buyer was Debbie Karamoshos. The seller was represented by Jeff Reyngach.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$210,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,033.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,725.02
Annual Debt Service$224,700.18
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