SRMC Management Purchases Multifamily Property From James Turner For $2.39M In Brooklyn
SOLD
$2,390,000
New York
See Similar DealsMultiFamily19,440 SF
Sold
SOLD
SRMC Management Purchases Multifamily Property From James Turner For $2.39M In Brooklyn
236 East 28th Street
See Similar DealsMultiFamily19,440 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$122
Total Square Footage:19,440 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 236 East 28th Street in the Brooklyn market. The sale price for this property was $2,390,000, encompassing a total square footage of 19,440, which results in a price per square foot of $122.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,390,000
- Address: 236 East 28th Street
- Market: Brooklyn
- Square Footage: 19,440
- Price per Square Foot: $122
- Buyer: SRMC Management
- Seller: James Turner
- Broker Representatives: Zachary Fuchs & Michael Weiser - GFI Realty Services
The transaction involved key individuals including buyer SRMC Management, which aimed to acquire the property, and seller James Turner, who facilitated the sale. Broker representatives Zachary Fuchs and Michael Weiser from GFI Realty Services played a significant role in finalizing the deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$127,466.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,491.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,329.82
Annual Debt Service$135,957.83
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