Yi Guang Cao Acquires Multifamily Property In Sunset Park, Brooklyn For $1.45M
SOLD
$1,450,000
New York
See Similar DealsMultiFamily3,855 SF
Sold 11/21/2022
SOLD
Yi Guang Cao Acquires Multifamily Property In Sunset Park, Brooklyn For $1.45M
749 55th Street
See Similar DealsMultiFamily3,855 SF
Sold 11/21/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$376
Total Square Footage:3,855 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$77,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,151.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,873.74
Annual Debt Service$82,484.88
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