Michelle Griffith & Lisa Mathias Of Douglas Elliman Sell Multifamily Property On Park Avenue For $7.65M
SOLD
$7,650,000
New York
See Similar DealsMultiFamily
Sold 08/08/2022
SOLD
Michelle Griffith & Lisa Mathias Of Douglas Elliman Sell Multifamily Property On Park Avenue For $7.65M
784 Park Avenue, Brooklyn, New York 11205, United States
See Similar DealsMultiFamily
Sold 08/08/2022
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 784 Park Avenue in Lenox Hill has been sold for $7,650,000. The sale was completed on 08/08/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,650,000
- Address: 784 Park Avenue, Lenox Hill
- Brokers: Michelle Griffith & Lisa Mathias - Douglas Elliman
The sale of this multifamily property was handled by brokers Michelle Griffith and Lisa Mathias from Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$408,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$27,178.83
Cash-on-Cash Return-1.27%
Monthly Debt Service$36,264.90
Annual Debt Service$435,178.83
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