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85 Jay Street, New York Cit...

Inanc Kabadayi Acquires Brooklyn Condo At 85 Jay St. From CIM For $1.015M
SOLD

Inanc Kabadayi Acquires Brooklyn Condo At 85 Jay St. From CIM For $1.015M

85 Jay Street, New York City, New York 10013, United States

$1,015,000

$1,655/SF

Building Size

613 SF

Asset Type

Closing

Jan 5, 2022

AI

Located in Brooklyn, the property at 85 Jay St. has been sold in a recent transaction. The asset type of this property is a condo, with a total square footage of 613 square feet. The sale was facilitated by Richard Nassimi, representing the seller CIM, and the buyer is Inanc Kabadayi. The sale price of this transaction amounted to $1,015,000, resulting in a price per square foot of $1,656.

Summary of transaction details

  • Property Type: Condo
  • Transaction Amount: $1,015,000
  • Date: 01/06/2022
  • Market: Brooklyn
  • Seller: CIM
  • Buyer: Inanc Kabadayi
  • Broker: Richard Nassimi

This successful transaction highlights the collaboration between Richard Nassimi, who represented the seller CIM, and the buyer Inanc Kabadayi. By securing a sale price of $1,015,000, the parties involved achieved a price per square foot of $1,656 for the condo located at 85 Jay St.

Players

Richard Nassimi

Douglas Elliman

Broker

$67.5M

vol

37 deals

Broker
The Nassimi Group
The Nassimi GroupBrokerage

New York CRE Market Snapshot

Boundary boundary · CRE · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

15.63%

Cash-on-Cash

-4.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93