Douglas Elliman's Mendelsshon Joseph, Daunte Monroe, Russell Barnes & RJ Lennon Acquire Package Deal In Prospect Lefferts Garden For $2.25M
SOLD
$2,250,000
+ 1
New York
See Similar DealsOther6,240 SF
Sold 10/01/2021
SOLD
Douglas Elliman's Mendelsshon Joseph, Daunte Monroe, Russell Barnes & RJ Lennon Acquire Package Deal In Prospect Lefferts Garden For $2.25M
349 Fenimore St, Brooklyn, NY, USA
See Similar DealsOther6,240 SF
Sold 10/01/2021
+ 1
Summary
NEW YORK
Asset Type:Other
Price Per Square Foot:$360
Total Square Footage:6,240 SF
Transaction Type:Sale
The package deal at 347 & 349 Fenimore St. in Prospect Lefferts Garden has been sold for a price of $2,250,000. This property comprises a total square footage of 6,240. The sale price per square foot equates to $360.
Summary of transaction details:
- Property Type: Package Deal
- Transaction Amount: $2,250,000
- Square Footage: 6,240
- Price Per Square Foot: $360
- Market: Prospect Lefferts Garden
The transaction was facilitated by the brokers Daunte Monroe, Mendelsshon Joseph, Russell Barnes, and RJ Lennon of The Lennon Team at Douglas Elliman.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$120,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,993.77
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,666.15
Annual Debt Service$127,993.77
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