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11 Crooke Ave

FBE Limited And David Natanov Acquire Brooklyn Multifamily Property From Nessim Tamman For $26.7M
SOLDMultiFamily

FBE Limited And David Natanov Acquire Brooklyn Multifamily Property From Nessim Tamman For $26.7M

11 Crooke Ave & 111 Woodruff Ave

$26,700,000

$176/SF

Building Size

151,404 SF

Asset Type

MultiFamily

Closing

Nov 15, 2018

AI

This multi-family property located at 11 Crooke Ave in Brooklyn was sold for $26,700,000.00. The total square footage of the asset is 75,702.0 sq ft, indicating a significant size that adds value to the property in the current market.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $26,700,000.00
  • Address: 11 Crooke Ave
  • Market: Brooklyn
  • Square Footage: 75,702.0
  • Buyer: FBE Limited, David Natanov of Green Road Capital, and FBE/Furvchthandler
  • Seller: Nessim Tamman
  • Brokers: Erik Yankelovich of Atlas Realty Group, Barak Jacobov

The transaction involved key players such as FBE Limited, along with David Natanov representing Green Road Capital. The seller in this deal was Nessim Tamman, and the transaction was facilitated by brokers Erik Yankelovich and Barak Jacobov. This highlights the collaborative effort of various entities in closing the sale of this significant property.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

131 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage

David Natanov

Green Road Capital

Buyer
Buyer

Nessim Tamman

Seller

$26.7M

vol

1 deal

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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93