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110 Calyer Street, Brooklyn...

Eric Orlofsky Acquires Multifamily Property In Brooklyn From Eleanor & Thomas Ryan For $2.8M
SOLDMultiFamily

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

Michael Salvatico

Marcus & Millichap

Broker

$787M

vol

173 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker
Eric Orlofsky

Eric Orlofsky

Center Street Capital

Buyer

$33.8M

vol

8 deals

Buyer

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

5.62%

Cash-on-Cash

-1.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93