Owen Gibson Acquires 2-Unit Multifamily Property In Canarsie For $860K
SOLD
$860,000
New York
See Similar DealsMultiFamily4,000 SF
Sold 09/03/2021
SOLD
Owen Gibson Acquires 2-Unit Multifamily Property In Canarsie For $860K
8615 Avenue J, Canarsie, Brooklyn, NY, USA
See Similar DealsMultiFamily4,000 SF
Sold 09/03/2021
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:4,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$45,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,055.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,076.84
Annual Debt Service$48,922.07
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