Updated Sep 5, 2024
Avi Ben Hamo Acquires Multifamily Property In Crown Heights From Issa Abdullah For $1.65M
1235 Dean St Brooklyn, NY 11216, USA
$1,650,000
$434/SF
Building Size
3,800 SF
Asset Type
MultiFamily
Closing
Apr 18, 2023
About this deal
AI
A 4-story vacant townhouse located at 1235 Dean Street in Crown Heights has been successfully sold. The property, previously an SRO, was delivered with a formal CONH letter. The interior of the building was damaged by a fire, providing a blank canvas for the buyer to redevelop the property into condos.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,650,000
- Address: 1235 Dean Street
- Market: Crown Heights
The buyer of the property is Avi Ben Hamo, while the seller is Issa Abdullah. The transaction was facilitated by DJ Johnston from B6 Real Estate Advisors.
For more information about this transaction or if you have any questions related to similar properties, you can reach out to DJ Johnston at 914-584-7422 or [email protected].
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.61%
Cash-on-Cash
-2.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93