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66 Patchen Avenue

Zhang Juntang Acquires Multifamily Property At 66 Patchen Avenue In Brooklyn For $2.1M
SOLDMultiFamily

Zhang Juntang Acquires Multifamily Property At 66 Patchen Avenue In Brooklyn For $2.1M

66 Patchen Avenue

$2,100,000

$238/SF

Building Size

8,800 SF

Asset Type

MultiFamily

Closing

Dec 11, 2024

AI

The property involved in this transaction is a multifamily asset located at 66 Patchen Avenue, Brooklyn. It has been sold for a price of $2,100,000. The asset comprises 8 units and has a total square footage of 8,800, resulting in a price per unit of $262,500 and a price per square foot of $238.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,100,000
  • Units: 8
  • Square Footage: 8,800
  • Price Per Unit: $262,500
  • Price Per Square Foot: $238
  • Buyer: Zhang Juntang
  • Broker: Lina Shi - S10 Realty Group
  • Date of Sale: 12/11/2024
  • Market: Brooklyn

Lina Shi represented both the buyer, Zhang Juntang, and the seller in this transaction. Notably, the entire process was completed swiftly within a timeframe of 30 days.

Players

Lina Shi

S10 Realty Group

Broker

$19.9M

vol

9 deals

Broker

Brooklyn 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

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93