Updated Sep 5, 2024
Yi Guang Cao Acquires Multifamily Property In Sunset Park, Brooklyn For $1.45M
749 55th Street
$1,450,000
$376/SF
Building Size
3,855 SF
Asset Type
MultiFamily
Closing
Nov 21, 2022
About this deal
AI
A multifamily property located at 749 55th Street in Sunset Park, Brooklyn has been sold. The transaction took place on November 21, 2022.
Summary of transaction details
- Property Type: Multifamily
- Sale Price: $1,450,000
- Units: 6
- Price Per Unit: $241,667
- Square Footage: 3,855
- Price Per Square Foot: $376
- Address: 749 55th Street, Sunset Park, Brooklyn
- Market: Sunset Park, Brooklyn
The buyer of this property is Yi Guang Cao, while Mary Giuliano is the seller. The deal was facilitated by brokers John Brennan and Matt Dittmeier from Marcus & Millichap, representing both the buyer and the seller.
On the Map
$1,450,000
$376/SF
MultiFamily
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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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93