Dennis Cetinkaya Acquires 4-Unit Multifamily In New York City For $960,000
815 Herkimer Street
$960,000
$306/SF
Building Size
3,136 SF
Asset Type
MultiFamily
Closing
Jan 12, 2023
AI
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.
Players
New York City 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
16.52%
Cash-on-Cash
-4.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93