Sean Lavin Sells Residential Building In Brooklyn To Abbas Yaghoubi For $5.31M
354 East 89th Street, New York, NY 10128
$5,310,000
$808/SF
Building Size
6,570 SF
Asset Type
Co-Op
Closing
Sep 5, 2017
AI
A residential building located at 354 East 89th Street in Brooklyn, New York was recently sold for a total price of $5,310,000 on 6th September, 2017. The property is situated in a vibrant market area and offers potential for investment.
Summary of transaction details
- Property Type: Residential Building
- Transaction Amount: $5,310,000
- Address: 354 East 89th Street, Brooklyn, New York
The seller of the property was Sean Lavin, while the buyer was Abbas Yaghoubi.
The transaction was facilitated by EPIC Commercial Realty's Shay Zach, acting as the broker representing the seller, and Investment Sales Associate's Shy Galor, representing the buyer.
New York Co-Op Market Snapshot
Boundary boundary · Co-Op · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93