Jean-Luc Torchon Acquires Multifamily Property On Jefferson Ave, Stuyvesant, Brooklyn For $1.8M
SOLD
$1,800,000
New York
See Similar DealsMultiFamily3,904 SF
Sold 12/08/2022
SOLD
Jean-Luc Torchon Acquires Multifamily Property On Jefferson Ave, Stuyvesant, Brooklyn For $1.8M
623 Jefferson Avenue
See Similar DealsMultiFamily3,904 SF
Sold 12/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$461
Total Square Footage:3,904 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$96,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02
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