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678 Wyona Street, Brooklyn,...

Updated Dec 21, 2023

Nefertari White Acquires Multifamily Property In East New York For $1.06M
SOLDMultiFamily

Nefertari White Acquires Multifamily Property In East New York For $1.06M

678 Wyona Street, Brooklyn, NY, USA

$1,060,000

$315/SF

Building Size

3,360 SF

Asset Type

MultiFamily

Closing

Mar 27, 2019

About this deal

AI

Located in East New York, the multifamily property at 678 Wyona St recently changed hands in a sale transaction. The property spans a total of 3,360 square feet and was sold for $1,060,000, resulting in a price per square foot of $315. Janet Arklis of an undisclosed agency represented the seller, Hershey Meisels, in the deal, while the buyer, Nefertari White, was not represented by a broker.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,060,000
  • Address: 678 Wyona St
  • Market: East New York

This successful sale was facilitated by the expertise of Janet Arklis from an undisclosed agency. Her involvement as the seller's representative ensured a smooth transaction for all parties involved.

Players

Janet Arklis

Broker

$3.9M

vol

4 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $315 per square foot on a published $1.1M for 3,360 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

14.97%

Cash-on-Cash

-4.28%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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