Updated Dec 21, 2023
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
About this deal
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.
The multifamily sale at 8615 Avenue J, Canarsie, Brooklyn, NY, USA in New York, New York sold for $860K in 2021. The building is 4,000 square feet, implying about 215 per square foot on the published price. Doron Berenholtz, The Corcoran Group appear on the sale alongside The Corcoran Group. This page is the New York, New York file for the 8615 Avenue J, Canarsie, Brooklyn, NY, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 8615 Avenue J, Canarsie, Brooklyn, NY, USA around 2021. Published consideration for 8615 Avenue J, Canarsie, Brooklyn, NY, USA is $860K, dated 2021. Cite this Owen Gibson Acquires 2-Unit Multifamily Property In Canarsie For $860K sale when underwriting similar multifamily product around New York, New York.
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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