Dennis Cetinkaya Acquires 4-Unit Multifamily In New York City For $960,000
SOLD
$960,000
New York
See Similar DealsMultiFamily3,136 SF
Sold 01/12/2023
SOLD
Dennis Cetinkaya Acquires 4-Unit Multifamily In New York City For $960,000
815 Herkimer Street
See Similar DealsMultiFamily3,136 SF
Sold 01/12/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$306
Total Square Footage:3,136 SF
Transaction Type:Sale
The multifamily property at 815 Herkimer Street in New York City has been sold in a closed transaction. The property consists of four units with a total square footage of 3,136. The sale price for the property was $960,000, resulting in a price per unit of $240,000 and a price per square foot of $306. The buyer of the property was Dennis Cetinkaya, and the seller was Curtis Jenkins.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $960,000
- Units: 4
- Price per Unit: $240,000
- Square Footage: 3,136
- Price per Square Foot: $306
- Buyer: Dennis Cetinkaya
- Seller: Curtis Jenkins
Dennis Cetinkaya, the buyer of the property, expressed interest in finding similar deals. He can be contacted at 6467158776.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$51,199.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,410.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,550.89
Annual Debt Service$54,610.68
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