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Chaim Kirschenbaum Of Black Iris Capital Acquires MultiFamily At 100 Belmont Pl For $11.95M

Property Image
SOLD
$11,950,000
Yosef Katz
Matthew Sparks

New York

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MultiFamily124,320 SF
Sold
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Property Image
SOLD

Chaim Kirschenbaum Of Black Iris Capital Acquires MultiFamily At 100 Belmont Pl For $11.95M

100 Belmont Pl

See Similar Deals
MultiFamily124,320 SF
Sold
Yosef Katz
Matthew Sparks
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$96
Total Square Footage:124320 SF
Transaction Type:Sale

The asset involved in the transaction is a MultiFamily property located at 100 Belmont Pl in Staten Island. The sale was completed for a total price of $11,950,000.00 and encompasses a total square footage of 62,160.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $11,950,000.00
  • Address: 100 Belmont Pl
  • Market: Staten Island
  • Square Footage: 62,160.0
  • Buyer: Chaim Kirschenbaum (Black Iris Capital)
  • Seller: Michael Lazaroff (Michael J Lazaroff LLC)
  • Broker: Matthew Sparks (GFI Realty Services)
  • Broker: Yosef Katz (Atlas Realty Group)

The transaction involved notable parties, including the buyer, Chaim Kirschenbaum, representing Black Iris Capital, and the seller, Michael Lazaroff, associated with Michael J Lazaroff LLC. The brokers facilitating the deal were Matthew Sparks from GFI Realty Services and Yosef Katz from Atlas Realty Group.

Players

Matthew Sparks
GFI Realty Services
Matthew Sparks
9 deals$63.3M volume(212) 837-4523
BROKER
Yosef Katz
Atlas Realty Group
Yosef Katz
130 deals$1.1B volume
BROKER

Details

SOLD
IMAGE: 07/06/2020 ADDRESS: 100 Belmont Pl MARKET: Staten Island ASSET TYPE: MultiFamily BROKERS: Matthew Sparks(GFI Realty Services), Yosef Katz(Atlas Realty Group) BUYER: Chaim Kirschenbaum(Black Iris Capital) SELLER: Michael Lazaroff(Michael J Lazaroff LLC) PRICE: $11,950,000.00 SF: 62160.0

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$42,455.84
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