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440 Avenue P, Brooklyn, NY ...

Updated Oct 29, 2024

Edward Yu Acquires Midwood Property For $5.15M
SOLDOther

Edward Yu Acquires Midwood Property For $5.15M

440 Avenue P, Brooklyn, NY 11223, USA

$5,150,000

$674/SF

Building Size

7,632 SF

Asset Type

Other

Closing

Jul 8, 2019

About this deal

AI

The property at 440 Avenue P in Brooklyn, Midwood was recently sold for a price of $5,150,000. The property has a total square footage of 7,632, resulting in a price per square foot of $674. The sale was facilitated by the seller, Renaissance Realty Group, represented by Adir Cohen. The buyer in the transaction was Edward Yu. Ephraim Setton from R New York acted as the broker in the deal.

Summary of transaction details

  • Property Type: N/A
  • Transaction Amount: $5,150,000
  • Square Footage: 7,632
  • Price Per Square Foot: $674
  • Address: 440 Avenue P, Brooklyn, Midwood
  • Market: Brooklyn, Midwood
  • Seller: Renaissance Realty Group - Adir Cohen
  • Buyer: Edward Yu
  • Broker: Ephraim Setton - R New York

Ephraim Setton, a representative from R New York, played a pivotal role in the transaction, ensuring a successful deal between the seller, Renaissance Realty Group, and the buyer, Edward Yu. The involvement of these key individuals highlights the collaborative effort and expertise involved in the negotiation and completion of the sale.

On the Map

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$5,150,000

$674/SF

Other

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Players

Ephraim Setton

R New York

Broker

$7.4M

vol

3 deals

Broker
Renaissance Realty Group
Renaissance Realty GroupSeller
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Brooklyn Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $674 per square foot on a published $5.2M for 7,632 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.08%

Cash-on-Cash

-0.88%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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