Ji Tobias Sells Multifamily Property In New York City For $7.2M With Buyer's Rep Jules Garcia & Seller's Rep Nadia Bartolucci
SOLD
New York
See Similar DealsMultiFamily4,394 SF
Sold 06/15/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,638
Total Square Footage:4,394 SF
Transaction Type:Sale
Ji Tobias sold a multifamily property in Park Slope, Brooklyn in a closed transaction. The property spans 4,394 square feet. The sale price was $7,200,000, resulting in a price per square foot of $1,639.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,200,000
- Square Feet: 4,394
- Price Per Square Foot: $1,639
In this transaction, Jules Garcia from Elegran Real Estate represented the buyer, while Nadia Bartolucci from Douglas Elliman represented the seller, Ji Tobias. Jules Garcia and his buyers were able to beat out multiple offers on this property, thanks to his expertise as a top broker in NYC.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$384,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$25,580.08
Cash-on-Cash Return-1.27%
Monthly Debt Service$34,131.67
Annual Debt Service$409,580.08
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