Mitesh Kaphle, Anna Vardayan, And Barry Blaschke Acquire Brooklyn Resi Condo For $4.68M
SOLD
$4,687,000
New York
See Similar Deals46,860 SF
Sold 04/01/2020
SOLD
Mitesh Kaphle, Anna Vardayan, And Barry Blaschke Acquire Brooklyn Resi Condo For $4.68M
404 Grand St, Brooklyn, NY 11211, USA
See Similar Deals46,860 SF
Sold 04/01/2020
Summary
NEW YORK
Price Per Square Foot:$100
Total Square Footage:46,860 SF
Transaction Type:Sale
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
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SELLER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$249,973.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$16,651.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,218.77
Annual Debt Service$266,625.25
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