Updated Dec 19, 2023
Ornessa Burke Acquires Multifamily Property In East New York For $1.2M
921 Cleveland Street, Brooklyn, NY, USA
$1,228,000
$279/SF
Building Size
4,400 SF
Asset Type
MultiFamily
Closing
Mar 18, 2021
About this deal
AI
Located in East New York, Brooklyn, the multifamily property at 921 Cleveland Ave. recently changed hands in a sale. The transaction took place on March 19, 2021.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,228,000
- Units: 3
- Price Per Unit: $409,333
The buyer of the property was Ornessa Burke, while the seller was Sam Vaknin. The brokerage firm 5 Boro Realty, represented by Nina Sabag, facilitated the deal.
Note: The asking price for the property was $1,275,000.
Players
New York 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
12.92%
Cash-on-Cash
-3.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93