Updated Sep 5, 2024
Jean-Luc Torchon Acquires Multifamily Property On Jefferson Ave, Stuyvesant, Brooklyn For $1.8M
623 Jefferson Avenue
$1,800,000
$461/SF
Building Size
3,904 SF
Asset Type
MultiFamily
Closing
Dec 8, 2022
About this deal
AI
A multifamily property located at 623 Jefferson Ave in Stuyvesant, Brooklyn has recently been sold for a price of $1,800,000. The property spans 3,904 square feet, resulting in a price per square foot of $461.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Address: 623 Jefferson Ave, Stuyvesant, Brooklyn
- Square Footage: 3,904
- Price per Square Foot: $461
The buyer in this transaction is Jean-Luc Torchon, while the seller is Terry Ann Samuel. The deal was facilitated by brokers Shimaa Anwar and Anna Kalogridis from The Anwar Team - LGF Compass.
Players
Brooklyn 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
8.81%
Cash-on-Cash
-2.52%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93