Baruch Pelcovitz Purchases Multifamily Asset From Uri Koptiev For $2.25M In Brooklyn
1070a Dekalb Avenue
$2,250,000
$581/SF
Building Size
3,868 SF
Asset Type
MultiFamily
Closing
Nov 27, 2024
AI
The asset involved in this transaction is a multifamily property located at 1070a Dekalb Avenue in Brooklyn. The sale price was $2,250,000, and the property encompasses a total area of 3,868 square feet, resulting in a price per square foot of $581.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,250,000
- Address: 1070a Dekalb Avenue
- Market: Brooklyn
- Square Footage: 3,868
- Price Per Square Foot: $581
- Buyer: Baruch Pelcovitz
- Seller: Uri Koptiev
- Brokers: Lev Mavashev, Ben Normatov & Daniel Aminov - Alpha Realty
This transaction involved Baruch Pelcovitz, acting as the buyer, and Uri Koptiev, serving as the seller. The brokerage team representing the transaction includes Lev Mavashev, Ben Normatov, and Daniel Aminov from Alpha Realty.
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
7.05%
Cash-on-Cash
-2.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93