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:
- Property Type: Development Site
- Transaction Amount: $2,000,000.00
- Address: 2371 Frederick Douglass Boulevard
- Market: New York
- Buyer: Nori Ashirian/AR Properties
- Seller: Ben Baldov
- Brokers: Isaac Moskowitz, Yosef Katz (Atlas Realty Group), Shlomo Antebi (Atlas Realty Group), Shulem Paneth (GFI Realty Services)
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
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