Kash Realty Acquires SFR In Gerritsen Beach, Brooklyn
9 Lester Ct Brooklyn, NY 11229, USA
$285,000
$229/SF
Building Size
1,240 SF
Asset Type
Single Family Residence
Closing
Jul 19, 2023
AI
The property involved in this transaction is a single-family residence located at 9 Lester Court in Gerritsen Beach, Brooklyn. The property spans 1,240 square feet and was sold for a price of $285,000, resulting in a price per square foot of $230.
Summary of transaction details:
- Property Type: Single-Family Residence
- Transaction Amount: $285,000
- Address: 9 Lester Court, Gerritsen Beach, Brooklyn
- Market: Gerritsen Beach, Brooklyn
- Buyer: Kash Realty - Maz Kashani & Neda Kashani
- Seller: Phyllis Ficco
- Square Footage: 1,240 SF
- Price Per Square Foot: $230
The buyers in this transaction are Maz Kashani and Neda Kashani, representing Kash Realty. On the other hand, Phyllis Ficco acted as the seller. Kash Realty specializes in acquiring single and multi-family value-add residences in New York and New Jersey. Additionally, they also engage in multi-family and NNN (Triple Net Lease) deals in New York, New Jersey, Pennsylvania, and Connecticut. For inquiries or hard money needs, you can reach out to Kash Realty at [email protected], Maz at 516-493-6220, or Neda at 516-423-1633.
Players
Market Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
55.66%
Cash-on-Cash
-15.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93