Jed Cairo Acquires SFR In Cobble Hill For $10.8M
SOLD
$10,800,000
New York
See Similar DealsSingle Family Residence5,000 SF
Sold 06/29/2022
SOLD
Jed Cairo Acquires SFR In Cobble Hill For $10.8M
169 Congress Street, Brooklyn, New York 11201, United States
See Similar DealsSingle Family Residence5,000 SF
Sold 06/29/2022
Summary
NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$2,160
Total Square Footage:5,000 SF
Transaction Type:Sale
The property asset involved in this closed transaction is a single-family residence located at 169 Congress Street in the Cobble Hill market. The property spans approximately 5,000 square feet and was sold for a total price of $10,800,000, resulting in a price per square foot of $2,160.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $10,800,000
- Address: 169 Congress Street
- Market: Cobble Hill
The buyer in this transaction is Jed Cairo, while the seller is Venice II LLC.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$576,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$38,370.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$51,197.51
Annual Debt Service$614,370.12
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