Updated Oct 29, 2024
NERD Property Group Acquires Multifamily Property In New York City
8020 10th Avenue
$840,000
$426/SF
Building Size
1,970 SF
Asset Type
MultiFamily
Closing
Apr 20, 2023
About this deal
AI
A multifamily property located at 8020 10th Avenue in New York City has been sold. The property spans 1,970 square feet and was sold for a total price of $840,000, resulting in a price per square foot of $426.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $840,000
- Address: 8020 10th Avenue
- Market: New York City
The buyer, NERD Property Group represented by Stephen DeFlorio, acquired the property. NERD Property Group is actively seeking new opportunities in the outer boroughs, Nassau County, and Hamptons markets.
Players
Market 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
18.88%
Cash-on-Cash
-5.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93