Jack Soleimani Acquires Multifamily Property In Forest Hills For $6.2M
108 13th Avenue, Brooklyn, NY, USA
$6,205,000
$413/SF
Building Size
15,000 SF
Asset Type
MultiFamily
Closing
Jan 16, 2019
AI
An multifamily property located at 108-22 72 Ave in Forest Hills has been sold. The property spans 15,000 square feet and was sold for a price of $6,205,000. The price per square foot comes out to be $414 and the capitalization rate is 3.7%.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,205,000
- Address: 108-22 72 Ave
- Market: Forest Hills
- Square Footage: 15,000
- Price Per Square Foot: $414
- Capitalization Rate: 3.7%
The seller of the property was Robert Luo and the buyer was Jack Soleimani. The transaction was facilitated by brokers Alex Steinberg and Alon Ashoory of Proper Foundations LLC.
Players
New York 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
2.56%
Cash-on-Cash
-0.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93