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102 114 Cortelyou Rd

Tamir Shadian Purchases Multifamily Property From Howard Hershkovich And Eddie Vays For $2.375M In Brooklyn
SOLDMultiFamily

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:

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

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

129 deals

Broker

Tamir Shadian

Buyer

$1.3M

vol

1 deal

Buyer

Eddie Vays

Seller

$5.5M

vol

2 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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