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Nori Ashirian Of AR Properties Purchases Development Site From Ben Baldov For $2M In New York

Property Image
SOLD
$2,000,000
Yosef Katz
Shlomo Antebi
SP

New York

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Development Site
Sold 05/03/2017
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Property Image
SOLD

Nori Ashirian Of AR Properties Purchases Development Site From Ben Baldov For $2M In New York

2371 Frederick Douglass Boulevard

See Similar Deals
Development Site
Sold 05/03/2017
Yosef Katz
Shlomo Antebi
SP
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:Development Site
Transaction Type:Sale

The asset involved in the transaction is a development site located at 2371 Frederick Douglass Boulevard in New York. The transaction was completed at a price of $2,000,000.00.

Summary of transaction details:

The buyer, Nori Ashirian, represents AR Properties in this transaction, while the seller, Ben Baldov, was represented in the sale by the associated brokers from Atlas Realty Group and GFI Realty Services, ensuring a comprehensive brokerage approach throughout the deal.

Players

Yosef Katz
Atlas Realty Group
Yosef Katz
134 deals$1.1B volume
BROKER
Shlomo Antebi
Atlas Realty Group
Shlomo Antebi
139 deals$1B volume
BROKER
SP
GFI Realty Services
Shulem Paneth
4 deals$14.9M volume(212) 837-4559
BROKER
IM
GFI Realty Services
Isaac Moskowitz
14 deals
BROKER
NP
Nori Ashirian/AR Properties
BUYER
BB
Ben Baldov
SELLER

Details

SOLD
IMAGE: 05/03/2017 ADDRESS: 2371 Frederick Douglass Boulevard MARKET: New York ASSET TYPE: Development Site BROKERS: Isaac Moskowitz(), Yosef Katz(Atlas Realty Group), Shlomo Antebi(Atlas Realty Group), Shulem Paneth(GFI Realty Services) BUYER: Nori Ashirian/AR Properties SELLER: Ben Baldov PRICE: $2,000,000.00

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$106,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,105.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,481.02
Annual Debt Service$113,772.24