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Edward Yu Acquires Midwood Property For $5.15M

Property Image
SOLD
$5,150,000

New York

See Similar Deals
Other7,632 SF
Sold 07/09/2019
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Property Image
SOLD

Edward Yu Acquires Midwood Property For $5.15M

440 Avenue P, Brooklyn, NY 11223, USA

See Similar Deals
Other7,632 SF
Sold 07/09/2019
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Summary

NEW YORK
Asset Type:Other
Price Per Square Foot:$674
Total Square Footage:7,632 SF
Transaction Type:Sale

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.

Players

Ephraim Setton
3 deals$7.4M volume
BROKER

Renaissance Realty Group
SELLER

Details

SOLD
IMAGE: Adir Cohen & Ephraim Setton DATE: 07/09/2019 ADDRESS: 440 Avenue P MARKET: Brooklyn, Midwood SALE PRICE: $5,150,000 SF: 7,632 PPSF: $674 SELLER: Renaissance Realty Group – Adir Cohen BUYER: Edward Yu BROKER: Ephraim Setton – R New York

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,296.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,413.63
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