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
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.
Players
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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93