Tamir Shadian Purchases Multifamily Property From Howard Hershkovich And Eddie Vays For $2.375M In Brooklyn
102 114 Cortelyou Rd
$2,375,000
$542/SF
Building Size
4,375 SF
Asset Type
MultiFamily
Closing
Feb 3, 2020
AI
The property asset involved in this transaction is a MultiFamily asset located at 102 114 Cortelyou Rd in Brooklyn. The transaction took place for a total price of $2,375,000.00, and the property covers a square footage of 4,375.0.
Summary of transation details:
- Property Type: MultiFamily
- Transaction Amount: $2,375,000.00
- Address: 102 114 Cortelyou Rd
- Market: Brooklyn
- Square Footage: 4,375.0
- Buyer: Tamir Shadian
- Seller: Howard Hershkovich and Eddie Vays
- Brokers: Erik Yankelovich (Atlas Realty Group), Josh Orlander (GFI Realty Services)
The deal involved key individuals, including buyer Tamir Shadian and sellers Howard Hershkovich and Eddie Vays, with representation from brokers Erik Yankelovich of Atlas Realty Group and Josh Orlander of GFI Realty Services, facilitating the transaction process.
Players
Brooklyn 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
6.68%
Cash-on-Cash
-1.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93