Parveen Sultan Sells Brooklyn Multifamily At 802 Driggs Avenue For $2.7 Million
SOLD
$2,700,000
New York
See Similar DealsMultiFamily3,185 SF
Sold
SOLD
Parveen Sultan Sells Brooklyn Multifamily At 802 Driggs Avenue For $2.7 Million
802 Driggs Avenue
See Similar DealsMultiFamily3,185 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$847
Total Square Footage:3185 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 802 Driggs Avenue in Brooklyn. The property encompasses four units and has a total square footage of 3,185. The sale price for this property was $2,700,000, which translates to a price per unit of $675,000 and a price per square foot of $847.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,700,000
- Units: 4
- Square Footage: 3,185
- Price Per Unit: $675,000
- Price Per Square Foot: $847
- Seller: Parveen Sultan
- Broker: Daniel Barcelowsky - Evergreen Realty & Investments
In this transaction, Parveen Sultan acted as the seller of the multifamily property, while Daniel Barcelowsky from Evergreen Realty & Investments represented the seller in the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$144,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,592.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,799.38
Annual Debt Service$153,592.53
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