Brenda Elishis Sells 540 Ocean Avenue Multifamily In Brooklyn For $4.25M With GFI Realty Services
SOLD
$5,600,000
New York
See Similar DealsMultiFamily46,452 SF
Sold
SOLD
Brenda Elishis Sells 540 Ocean Avenue Multifamily In Brooklyn For $4.25M With GFI Realty Services
540 Ocean Avenue
See Similar DealsMultiFamily46,452 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$120
Total Square Footage:46452 SF
Transaction Type:Sale
The asset involved in this transaction is a multifamily property located at 540 Ocean Avenue in Brooklyn. The property was sold for $4,250,000, encompassing a total square footage of 46,452, resulting in a price per square foot of $91.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,250,000
- Address: 540 Ocean Avenue
- Market: Brooklyn
- Square Footage: 46,452
- Price per Square Foot: $91
- Seller: Brenda Elishis
- Broker Representatives: Zachary Fuchs & Matthew Sparks - GFI Realty Services
Zachary Fuchs and Matthew Sparks from GFI Realty Services represented the seller, Brenda Elishis, in this transaction, facilitating the transfer of the multifamily property in Brooklyn.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$298,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28
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