Eric Lee Acquires Multifamily Property In Bensonhurst, Brooklyn For $1.825M
87 Bay 23rd Street
$1,825,000
$328/SF
Building Size
5,550 SF
Asset Type
MultiFamily
Closing
Apr 25, 2023
AI
The multifamily property located at 87 Bay 23rd Street in Bensonhurst, Brooklyn was recently sold in a closed transaction for $1,825,000. The property has a total square footage of 5,550, resulting in a price per square foot of $329.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,825,000
- Market: Bensonhurst, Brooklyn
- Buyer: Eric Lee
- Seller: Chris Tabick
- Broker: Jerry Tenenbaum - Top Nest Properties
The buyer, Eric Lee, successfully acquired the property from the seller, Chris Tabick, with the assistance of the broker, Jerry Tenenbaum from Top Nest Properties. This transaction marks a significant milestone in the real estate market of Bensonhurst, Brooklyn.
Market 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
8.69%
Cash-on-Cash
-2.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93