facebook
Traded Co logo
Submit

Victor Sozio & Dov Chein Of Ariel Property Advisors Facilitate Sale Of Multifamily In Prospect Lefferts Garden For $1.53M

Property Image
SOLD
$1,535,000

New York

See Similar Deals
MultiFamily3,500 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Victor Sozio & Dov Chein Of Ariel Property Advisors Facilitate Sale Of Multifamily In Prospect Lefferts Garden For $1.53M

1144 Nostrand Avenue

See Similar Deals
MultiFamily3,500 SF
Sold
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$438
Total Square Footage:3500 SF
Transaction Type:Sale

The multifamily property located at 1144 Nostrand Avenue in Prospect Lefferts Garden was recently sold for $1,535,000. The property comprises 3 units with a total square footage of 3,500 square feet. This translates to a price per unit of $511,667 and a price per square foot of $439.

Summary of transaction details:

Victor Sozio and Dov Chein of Ariel Property Advisors represented the parties involved in the sale of the multifamily property at 1144 Nostrand Avenue. Their expertise and negotiation skills played a crucial role in facilitating the transaction in the Prospect Lefferts Garden market.

Players

Victor Sozio
111 deals$2.3B volume
BROKER

Dov Chein
Ariel Property Advisors
9 deals$27.4M volume
BROKER

Details

SOLD
IMAGE: Victor Sozio & Dov Chein DATE: 02/21/2024 ADDRESS: 1144 Nostrand Avenue MARKET: Prospect Lefferts Garden ASSET TYPE: Multifamily BROKERS: Victor Sozio & Dov Chein (@DovChein) - Ariel Property Advisors (@ArielPA.NYC) SALE PRICE: $1,535,000 UNITS: 3 ~ PPU: $511,667 SF: 3,500 ~ PPSF: $439

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$81,866.66

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,453.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,276.68
Annual Debt Service$87,320.20