Updated Dec 19, 2023
Jian Feng Yang Acquires Bensonhurst Multifamily For $3M
7213 16th Avenue, Brooklyn, New York 11204, United States
$3,000,000
$573/SF
Building Size
5,231 SF
Asset Type
MultiFamily
Closing
Jun 15, 2022
About this deal
AI
A multifamily property located at 7213 16th Ave & 7215 New Utrecht Ave in Bensonhurst, Brooklyn has recently been sold. The property is zoned as R5, C2-2 and consists of a total of 5,231 square feet. The sale took place on June 16, 2022, with a transaction amount of $3,000,000. The buyer, Jian Feng Yang, purchased the property from the seller, Lia Leong.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,000,000
- Market: Bensonhurst, Brooklyn
- Zoning: R5, C2-2
- Address: 7213 16th Ave & 7215 New Utrecht Ave
The property has a building square footage (BSF) of 5,687, resulting in a price per BSF of $527. Additionally, the property has a total lot dimension of 20 feet by 114.92 feet. Permits for alteration were obtained on April 23, 2009.
Jian Feng Yang represented themselves as the buyer in the transaction, while Lia Leong represented themselves as the seller.
Players
New York 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93