Eric Orlofsky Acquires Multifamily Property In Brooklyn From Eleanor & Thomas Ryan For $2.8M
110 Calyer Street, Brooklyn, NY 11222
$2,825,000
$376/SF
Building Size
7,500 SF
Asset Type
MultiFamily
Closing
Jul 9, 2018
AI
The multifamily property located at 110 Calyer Street in Brooklyn, New York has been sold in an off-market transaction. The sale took place on July 10, 2018, with a purchase price of $2,825,000. The property has a building size of 7,500 square feet, which translates to a price per square foot of $376.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,825,000
- Address: 110 Calyer Street, Brooklyn, New York
- Market: Brooklyn
The buyer of this property is Eric Orlofsky, and the sellers are Eleanor and Thomas Ryan. The transaction was facilitated by Mike Salvatico and Shaun Riney, representing New York Multifamily as the brokers.
Please note that this information was obtained from an Instagram post by Shaun Riney and Mike Salvatico.
Players
New York 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
5.62%
Cash-on-Cash
-1.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93