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Alexander Hall Of Wyckoff Street Developments Purchases Multifamily Property In Brooklyn For $2.9M
SOLD
$2,900,000
New York
See Similar DealsMultiFamily4,008 SF
Sold 11/20/2024
SOLD
Alexander Hall Of Wyckoff Street Developments Purchases Multifamily Property In Brooklyn For $2.9M
67 Lefferts Place
See Similar DealsMultiFamily4,008 SF
Sold 11/20/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$723
Total Square Footage:4,008 SF
Transaction Type:Sale
A three-unit multifamily building located at 67 Lefferts Place in Clinton Hill, Brooklyn has been sold for $2,900,000. The property encompasses a total square footage of 4,008 with a price per unit of $966,667 and a price per square foot of $724. The transaction was finalized on November 20, 2024.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,900,000
- Units: 3
- Square Footage: 4,008
- Price per Unit: $966,667
- Price per Square Foot: $724
- Buyer: Alexander Hall - Wyckoff Street Developments
- Seller: Lance B. Harris
The buyer, Alexander Hall, represents Wyckoff Street Developments in this transaction, while the seller is Lance B. Harris. This transaction reflects a strategic investment in the residential multifamily market within the Brooklyn area.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$154,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,303.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,747.48
Annual Debt Service$164,969.75
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