SOLD
Dominick Palumbo Acquires Multifamily Property On Bay Ridge Pkwy, Dyker Heights For $2.55M
1469 & 1471 Bay Ridge Parkway
MultiFamily
10,580 SF
10,580 SF
Sold 1 year ago
Summary
Sale
NEW YORK
MultiFamily
10,580 sqft
A multifamily property located at 1469 & 1471 Bay Ridge Pkwy in Dyker Heights has been sold for a total price of $2,550,000. The property consists of 12 units and spans across 10,580 square feet. The price per unit was $212,500, while the price per square foot was $241. With a Gross Rent Multiplier (GRM) of 11.14x and a Capitalization Rate (CAP) of 5.51%, this transaction highlights the financial performance of the property.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,550,000
- Units: 12
- Price per Unit (PPU): $212,500
- Square Footage: 10,580
- Price per Square Foot (PPSF): $241
- Gross Rent Multiplier (GRM): 11.14x
- Capitalization Rate (CAP): 5.51%
Dominick Palumbo acquired the property from Rita Giura. The transaction was facilitated by John Brennan and Samuel Finkler from Marcus & Millichap's New York office.
Players
All
4
Agents
2
Agencies
2
Details
SOLD
IMAGE: Samuel Finkler & John Brennan
DATE: 02/10/2021
ADDRESS: 1469 & 1471 Bay Ridge Pkwy
MARKET: Dyker Heights
ASSET TYPE: Multifamily
BUYER: Dominick Palumbo
SELLER: Rita Giura
BROKERS: John Brennan (@TheBrennanTeamOfMM) & Samuel Finkler (@Sam_Finkler) @MarcusMillichap_NY
SALE PRICE: $2,550,000
UNITS: 12 ~ PPU: $212,500
SF: 10,580 ~ PPSF: $241
GRM: 11.14x ~ CAP: 5.51%View on map
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Address1469 & 1471 Bay Ridge Parkway
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