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9 Lester Ct Brooklyn, NY 11...

Updated Oct 29, 2024

Kash Realty Acquires SFR In Gerritsen Beach, Brooklyn
SOLDSingle Family Residence

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

About this deal

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.

On the Map

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$285,000

$229/SF

Single Family Residence

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Players

KR
Kash RealtyBuyer

Max Kashani

Kash Realty

Buyer

$1.8M

vol

3 deals

Buyer
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Market Single Family Residence Market Snapshot

Boundary boundary · Single Family Residence · Sale transactions

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Deal FAQ

About $229 per square foot on a published $285K for 1,240 square feet (2023).

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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

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