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
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
15.63%
Cash-on-Cash
-4.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93