Savitri Richardson Of SLR Real Estate Represents Buyer In $1.999M Brooklyn Multifamily Sale
SOLD
$1,999,999
New York
See Similar DealsMultiFamily2,631 SF
Sold 08/22/2024
SOLD
Savitri Richardson Of SLR Real Estate Represents Buyer In $1.999M Brooklyn Multifamily Sale
300 Lafayette Avenue
See Similar DealsMultiFamily2,631 SF
Sold 08/22/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$760
Total Square Footage:2,631 SF
Transaction Type:Sale
The multifamily asset located at 300 Lafayette Avenue in Brooklyn was sold for $1,999,999. The property comprises 2 units and offers a total square footage of 2,631, resulting in a price per unit of $999,999 and a price per square foot of $760.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,999,999
- Units: 2
- Square Footage: 2,631
- Price Per Unit: $999,999
- Price Per Square Foot: $760
- Buyer's Representative: Savitri Richardson - SLR Real Estate
- Seller's Representative: Malcolm Louis Adams - Compass
- Date of Transaction: 08/22/2024
Savitri Richardson represented the buyer in this transaction, while Malcolm Louis Adams served as the representative for the seller. Malcolm is associated with Compass and holds the title of License Associate.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,666.61
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,105.58
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.19
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