Updated Sep 9, 2024
Ariel Shalom Sells Multifamily Property On President St. In Crown Heights For $6.7M With Broker Nick Hovsepian
1015a President Street
$6,746,293
$8,098/SF
Building Size
833 SF
Asset Type
MultiFamily
Closing
Jul 26, 2022
About this deal
AI
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.
On the Map
$6,746,293
$8,098/SF
MultiFamily
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93