Zhang Juntang Acquires Multifamily Property At 66 Patchen Avenue In Brooklyn For $2.1M
SOLD
$2,100,000
New York
See Similar DealsMultiFamily8,800 SF
Sold
SOLD
Zhang Juntang Acquires Multifamily Property At 66 Patchen Avenue In Brooklyn For $2.1M
66 Patchen Avenue
See Similar DealsMultiFamily8,800 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$238
Total Square Footage:8,800 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$112,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,460.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,955.07
Annual Debt Service$119,460.86
Is there something missing? Send suggestions