Weiss Family Purchases Multifamily Asset From Aron Taub In Brooklyn For $2.375M
SOLD
$2,375,000
New York
See Similar DealsMultiFamily6,300 SF
Sold 08/01/2024
SOLD
Weiss Family Purchases Multifamily Asset From Aron Taub In Brooklyn For $2.375M
139 South 8th Street
See Similar DealsMultiFamily6,300 SF
Sold 08/01/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$377
Total Square Footage:6,300 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 139 South 8th Street in Brooklyn. The sale price was $2,375,000, and the property encompasses 6,300 square feet, resulting in a price per square foot of $376.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,375,000
- Address: 139 South 8th Street
- Market: Brooklyn
- Square Footage: 6,300
- Price per Square Foot: $376
- Buyer: Weiss Family
- Seller: Aron Taub
- Broker: Harry Bouzaglou - Tri State Commercial Realty
This transaction was facilitated by broker Harry Bouzaglou, representing the interests of the seller, Aron Taub, as part of the deal with the buyer, the Weiss Family.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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