Ariel Shalom Sells Multifamily Property On President St. In Crown Heights For $6.7M With Broker Nick Hovsepian
SOLD
$6,746,293
New York
See Similar DealsMultiFamily833 SF
Sold 07/26/2022
SOLD
Ariel Shalom Sells Multifamily Property On President St. In Crown Heights For $6.7M With Broker Nick Hovsepian
1015a President Street
See Similar DealsMultiFamily833 SF
Sold 07/26/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$8,098
Total Square Footage:833 SF
Transaction Type:Sale
A multifamily property located at 1015A President St. in Crown Heights has been sold in a recent transaction. The asset consists of 8 units with a total square footage of 5,833. The sale price for this property was $6,746,293, resulting in a price per unit of $843,286 and a price per square foot of $1,157.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,746,293
- Units: 8
- Price Per Unit: $843,286
- Square Footage: 5,833
- Price Per Square Foot: $1,157
- Address: 1015A President St.
- Market: Crown Heights
The seller of the property is Ariel Shalom, and the deal was facilitated by broker Nick Hovsepian from The Corcoran Group.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$359,802.30
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$23,968.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$31,980.87
Annual Debt Service$383,770.45
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