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Kash Realty Acquires SFR In Gerritsen Beach, Brooklyn

Property Image
SOLD
$285,000

New York

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Single Family Residence1,240 SF
Sold 07/19/2023
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Property Image
SOLD

Kash Realty Acquires SFR In Gerritsen Beach, Brooklyn

9 Lester Ct Brooklyn, NY 11229, USA

See Similar Deals
Single Family Residence1,240 SF
Sold 07/19/2023
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Summary

NEW YORK
Asset Type:Single Family Residence
Price Per Square Foot:$229
Total Square Footage:1,240 SF
Transaction Type:Sale

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.

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3 deals$1.8M volume
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Details

SOLD
IMAGE: Maz Kashani & Neda Kashani DATE: 07/19/2023 ADDRESS: 9 Lester Court MARKET: Gerritsen Beach, Brooklyn ASSET TYPE: SFR BUYER: Kash Realty (@Kash_Realty) - Maz Kashani & Neda Kashani SELLER: Phyllis Ficco SALE PRICE: $285,000 SF: 1,240 ~ PPSF: $230 NOTE FROM BUYER: At Kash Realty, we buy single & multi-family value-add residences in NY & NJ, as well as multi-family and NNN deals in New York, New Jersey, Pennsylvania, & Connecticut. Contact us for any hard money needs as well at [email protected], Maz (516-493-6220), & Neda (516-423-1633).

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

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