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751 55th Street, Brooklyn, ...

Henry Koon Acquires Brooklyn Multifamily From Giancola Family For $1.47M
SOLDMultiFamily

Henry Koon Acquires Brooklyn Multifamily From Giancola Family For $1.47M

751 55th Street, Brooklyn, NY, USA

$1,475,000

$382/SF

Building Size

3,855 SF

Asset Type

MultiFamily

Closing

Aug 11, 2021

AI

Located at 751 55th Street in Brooklyn, this multifamily property was recently sold in a closed transaction. The property consists of 6 units, with a total area of 3,855 square feet. The sale price for this transaction was $1,475,000, resulting in a price per unit of $245,833 and a price per square foot of $382.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,475,000
  • Location: 751 55th Street, Brooklyn
  • Market: Brooklyn
  • Buyer: Henry Koon
  • Seller: Giancola Family
  • Broker: Zachary Fuchs - GFI Realty Services
  • Counsel: Rothman Law

The buyer in this transaction was Henry Koon, while the seller was the Giancola Family. Handling the deal on behalf of both parties was broker Zachary Fuchs from GFI Realty Services. Legal counsel was provided by Rothman Law.

Players

Zachary Fuchs

GFI Realty Services

Broker

$325.2M

vol

63 deals

Broker

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

10.75%

Cash-on-Cash

-3.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93