Owen Gibson Acquires 2-Unit Multifamily Property In Canarsie For $860K
8615 Avenue J, Canarsie, Brooklyn, NY, USA
$860,000
$215/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Sep 3, 2021
AI
A multifamily property located at 8615 Ave. J in Canarsie has been sold for a price of $860,000. The property consists of 2 units and has a total square footage of 4,000. The sale was facilitated by Doron Berenholtz of the brokerage firm.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $860,000
- Units: 2
- Address: 8615 Ave. J, Canarsie
Owen Gibson purchased the property from Winsome Rattinger. Doron Berenholtz represented both parties in the transaction.
New York 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
18.45%
Cash-on-Cash
-5.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93