Xiaomei Cao Acquires Multifamily Property In Sheepshead Bay, Brooklyn For $1.22M
2410 East 28th Street
$1,220,000
$406/SF
Building Size
3,003 SF
Asset Type
MultiFamily
Closing
Sep 12, 2023
AI
A multifamily property located at 2410 East 28th Street in Sheepshead Bay, Brooklyn has been sold for $1,220,000. Spanning across 3,003 square feet, the property fetched a price per square foot of $406.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,220,000
- Square Footage: 3,003
- Price Per Square Foot: $406
- Address: 2410 East 28th Street, Sheepshead Bay, Brooklyn
- Market: Sheepshead Bay, Brooklyn
The buyer of this property was Xiaomei Cao, while the seller was the Estate of Sydell Mintz. The deal was facilitated by the broker Jerry Tenenbaum of Top Nest Properties. For any further inquiries or opportunities, interested parties can contact Jerry Tenenbaum at [email protected].
Players
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
13.00%
Cash-on-Cash
-3.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93