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
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