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.
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