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Jennifer Lico Acquires Multifamily Asset At 893 Knickerbocker Avenue From Rosemary Hayden For $3.5M
SOLD
$3,500,000
New York
See Similar DealsMultiFamily1,960 SF
Sold 03/13/2025
SOLD
Jennifer Lico Acquires Multifamily Asset At 893 Knickerbocker Avenue From Rosemary Hayden For $3.5M
893 Knickerbocker Avenue
See Similar DealsMultiFamily1,960 SF
Sold 03/13/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,785
Total Square Footage:1,960 SF
Transaction Type:Sale
The property is a Multi-Family asset located at 893 Knickerbocker Avenue in the New York City market. It was sold for $3,500,000.00 and encompasses a total area of 1,960 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $3,500,000.00
- Address: 893 Knickerbocker Avenue
- Market: New York City
- Buyer: Jennifer Lico
- Seller: Rosemary Hayden
Jennifer Lico acquired the property from Rosemary Hayden on 03/13/2025. The transaction highlights the engagement between the buyer and seller specific to the Multi-Family segment of the real estate market.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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