Ralph Fiandra Sells Bath Beach Property To Rita Mtilis For $825K
1573 Bath Avenue, Brooklyn, NY 11228, USA
$825,000
$608/SF
Building Size
1,357 SF
Asset Type
Other
Closing
Jan 21, 2020
About this deal
AI
Located at 1573 Bath Avenue in Bath Beach, Brooklyn, this property was recently sold in a closed transaction. The sale took place on January 22, 2020, with Ralph Fiandra serving as the seller and Rita Mtilis as the buyer. The property, spanning 1,357 square feet, was sold for a price of $825,000, resulting in a price per square foot of $607.96. The sale was facilitated by brokers John Brennan and Samuel Finkler from Marcus & Millichap.
Summary of Transaction Details
- Property Type: Not specified
- Transaction Amount: $825,000
- Date: January 22, 2020
- Address: 1573 Bath Avenue
- Market: Bath Beach, Brooklyn
This transaction stands out as it was sold to an owner/user, allowing them to utilize the property for personal use or for their business ventures. With Ralph Fiandra as the seller and Rita Mtilis as the buyer, this deal was successfully completed with the help of brokers John Brennan and Samuel Finkler from Marcus & Millichap.
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
19.23%
Cash-on-Cash
-5.50%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93