Tamir Shadian Purchases Multifamily Property From Howard Hershkovich And Eddie Vays For $2.375M In Brooklyn
SOLD
$2,375,000
New York
See Similar DealsMultiFamily4,375 SF
Sold
SOLD
Tamir Shadian Purchases Multifamily Property From Howard Hershkovich And Eddie Vays For $2.375M In Brooklyn
102 114 Cortelyou Rd
See Similar DealsMultiFamily4,375 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$542
Total Square Footage:4375 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$126,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,437.87
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,258.71
Annual Debt Service$135,104.54
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