Eliyahu Siouni's The Siouni Organization Acquires Multifamily Property In Bedford-Stuyvesant For $1M
SOLD
$1,000,000
New York
See Similar DealsMultiFamily3,135 SF
Sold 10/05/2023
SOLD
Eliyahu Siouni's The Siouni Organization Acquires Multifamily Property In Bedford-Stuyvesant For $1M
90 Hull Street
See Similar DealsMultiFamily3,135 SF
Sold 10/05/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$319
Total Square Footage:3,135 SF
Transaction Type:Sale
A multifamily property located at 90 Hull Street in the Bedford-Stuyvesant market has been sold for a total price of $1,000,000. The property consists of 2 units, with a price per unit of $500,000. The total square footage of the property is 3,135, resulting in a price per square foot of $319.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Address: 90 Hull Street
- Market: Bedford-Stuyvesant
- Buyer: Eliyahu Siouni - The Siouni Organization
- Seller: John Hampton, Jr
- Units: 2
- Price per Unit: $500,000
- Square Footage: 3,135
- Price per Square Foot: $319
Eliyahu Siouni, representing The Siouni Organization, was the buyer of the property. John Hampton, Jr served as the seller in this transaction.
Details
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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