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2410 East 28th Street

Xiaomei Cao Acquires Multifamily Property In Sheepshead Bay, Brooklyn For $1.22M
SOLDMultiFamily

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

Jerry Tenenbaum

Top Nest Properties

Broker

$15.5M

vol

11 deals

Broker
EO
Estate OfSeller

Market MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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