Liverani & Zaccario Family Sell Multifamily Property At 76 1st Place, New York City For $10.8M With Buyer's Rep Alexander Maroni & Seller's Rep Santo Rosabianca & Riana Bodine
SOLD
$10,800,000
New York
See Similar DealsMultiFamily15,750 SF
Sold 07/26/2023
SOLD
Liverani & Zaccario Family Sell Multifamily Property At 76 1st Place, New York City For $10.8M With Buyer's Rep Alexander Maroni & Seller's Rep Santo Rosabianca & Riana Bodine
76 1st Pl Brooklyn, NY 11231, USA
See Similar DealsMultiFamily15,750 SF
Sold 07/26/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$685
Total Square Footage:15,750 SF
Transaction Type:Sale
A multifamily property located at 76 1st Place in New York City has been sold for a total price of $10,800,000. The property consists of 5 units with an average price per unit of $2,160,000. It spans across a total area of 15,750 square feet, resulting in a price per square foot of $686.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $10,800,000
- Units: 5
- Price Per Unit: $2,160,000
- Square Feet: 15,750
- Price Per Square Foot: $686
- Address: 76 1st Place, New York City
Alexander Maroni, representing the buyer, Douglas Elliman, facilitated the transaction. On the seller's side, Santo Rosabianca and Riana Bodine, both from Corcoran, acted as the seller's representatives. The sale of this multifamily property highlights the involvement of these key individuals and companies in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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