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71 Sullivan Street, Brookly...

Adam Hakimian & Jonny Borochov Of REAL New York Represent Buyer In $890,000 Sale Of SoHo Residential Condo
SOLD

Adam Hakimian & Jonny Borochov Of REAL New York Represent Buyer In $890,000 Sale Of SoHo Residential Condo

71 Sullivan Street, Brooklyn, NY 11231, USA

$890,000

$936/SF

Building Size

950 SF

Asset Type

Closing

Oct 1, 2021

AI

The residential condo located at 71 Sullivan Street in SoHo was recently sold for a price of $890,000. The property spans 950 square feet, resulting in a price per square foot of $936. The sale took place on October 1, 2021, with the transaction being facilitated by Adam Hakimian and Jonny Borochov of REAL New York. The buyer, Aaron Cardoza, and Eleni Hisiridis acquired the property from Juliette S. Levin. Adam Hakimian and Jonny Borochov represented the buyer in this transaction, leveraging their expertise to secure the deal.

Summary of transation details

  • Property Type: Residential Condo
  • Transaction Amount: $890,000
  • Address: 71 Sullivan Street, SoHo
  • SF: 950
  • PPSF: $936

An interesting aspect of this deal is that the buyer, Aaron Cardoza, purchased two adjacent units and plans to combine and gut renovate them. This strategic move allowed the buyer to stand out among competing offers and secure the purchase. For any residential leasing, buying, or selling needs, especially in downtown Manhattan neighborhoods, individuals can reach out to Adam Hakimian ([email protected]) or Jonny Borochov ([email protected]) for expert advice and a free consultation.

Players

Adam Hakimian

Real New York

Broker

$30.6M

vol

9 deals

Broker

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

17.82%

Cash-on-Cash

-5.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93