Updated Oct 25, 2024
Greg Wiszienki Acquires Multifamily Properties In Ridgewood & Bedstuy For $3.43M
532 Chauncey St, Brooklyn, NY 11233, USA
$3,430,000
$319/SF
Building Size
10,750 SF
Asset Type
MultiFamily
Closing
Sep 16, 2019
About this deal
AI
The multifamily property located at 932 Seneca Street and 532 Chauncey in Ridgewood and Bedstuy has been sold in a recent transaction. The property consists of two buildings with a total square footage of 10,750. The building at 932 Seneca Street offers 5,400 square feet, while the building at 532 Chauncey provides 5,350 square feet. With a total of 12 units, the property generated a gross income of $242,000. The sale price for this transaction was $3,430,000, resulting in a total price per square foot of $319.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,430,000
- Square Footage: 10,750
- Units: 12
- Gross Income: $242,000
The seller of the property was David Shorenstein. On the other hand, Greg Wiszienki acted as the buyer in this transaction. The brokerage firm EVRGRealty was represented by Daniel Barcelowsky.
On the Map
$3,430,000
$319/SF
MultiFamily
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Players
Brooklyn 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
4.62%
Cash-on-Cash
-1.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93