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119 Kent Ave, Brooklyn, NY,...

CW Realty Purchases 119 Kent Ave Brooklyn For $15.9M With Max Koshkerman And Others As Buyer’s Reps
SOLDMultiFamily

CW Realty Purchases 119 Kent Ave Brooklyn For $15.9M With Max Koshkerman And Others As Buyer’s Reps

119 Kent Ave, Brooklyn, NY, 11249

$15,900,000

$1,060/SF

Building Size

15,000 SF

Asset Type

MultiFamily

Closing

Jan 13, 2016

AI

The property asset involved in the transaction is located at 119 Kent Ave, Brooklyn, NY, 11249. The market value for this property is recorded at $15,900,000.00, with a total square footage of 15,000 square feet.

Summary of transaction details:

This transaction showcases the collaboration of several key individuals, with Max Koshkerman representing GFI Realty, Cheskie Weisz from CW Realty, and Joel Wertzberger of Joyland Group acting as buyer's representatives. James Tenaglia from M & J Realty Group serves as the seller's representative.

Players

Cheskie Weisz

CW Realty

Broker

$496.8M

vol

18 deals

Broker
CW Realty
CW RealtyBuyer
BridgeCity Capital
BridgeCity CapitalLender

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

1.00%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93