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2371 Frederick Douglass Bou...

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

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

2371 Frederick Douglass Boulevard

$2,000,000

Building Size

Asset Type

Development Site

Closing

May 3, 2017

AI

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

Broker

$1.1B

vol

135 deals

Broker
NP
Nori Ashirian/AR PropertiesBuyer

Ben Baldov

Seller
Seller

New York Development Site Market Snapshot

Boundary boundary · Development Site · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.93%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93