Mitesh Kaphle, Anna Vardayan, And Barry Blaschke Acquire Brooklyn Resi Condo For $4.68M
404 Grand St, Brooklyn, NY 11211, USA
$4,687,000
$100/SF
Building Size
46,860 SF
Asset Type
—
Closing
Mar 31, 2020
About this deal
AI
Located at 404 Grand Street in Brooklyn, this residential condo is a notable property asset in the area. The transaction, which was finalized on April 1, 2020, involved an asking price of $5,250,000 and a sale price of $4,687,000. The unit spans a total area of 4,686 square feet, with a price per square foot of $1,000.
Summary of transaction details
- Property Type: Residential Condo
- Transaction Amount: $4,687,000
- Seller: BHRE, OI Capital Group, and @MDevelopmentNYC - Raffi Manor
- Buyer: Mitesh Kaphle, Anna Vardayan, Barry Blaschke
- Broker: David Avgi
The successful completion of the deal was facilitated by David Avgi, who represented the parties involved. With this transaction, Mitesh Kaphle, Anna Vardayan, and Barry Blaschke became the proud owners of this residential condo property in Brooklyn.
Players
New York CRE Market Snapshot
Boundary boundary · CRE · Sale transactions
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Deal FAQ
About $100 per square foot on a published $4.7M for 46,860 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.38%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93