Jacob Leifer Acquires Multifamily Property In Prospect Lefferts Gardens For $1.6M
1283 Nostrand Avenue, Little Caribbean, Brooklyn, NY, USA
$1,600,000
$355/SF
Building Size
4,500 SF
Asset Type
MultiFamily
Closing
Feb 28, 2019
AI
An investment property located at 1283 Nostrand Avenue in Prospect Lefferts Gardens, Brooklyn has recently been sold. The property is a multifamily building with a total square footage of 4,500. The transaction took place on March 1, 2019, and the sale price for the property was $1,600,000. The price per square foot for this transaction was $355. The buyer of the property is Jacob Leifer, while the seller is Osier Anicet. The deal was facilitated by brokers Derek Bestreich and Brian Underkofler from BRG Commercial Real Estate Advisors.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 1283 Nostrand Avenue, Prospect Lefferts Gardens
- Market: Prospect Lefferts Gardens
- Buyer: Jacob Leifer
- Seller: Osier Anicet
- Brokers: Derek Bestreich, Brian Underkofler (BRG Commercial Real Estate Advisors)
The successful sale of the property was made possible through the efforts of Derek Bestreich and Brian Underkofler, who represented both the buyer, Jacob Leifer, and the seller, Osier Anicet. This transaction marks another successful deal for BRG Commercial Real Estate Advisors in the Prospect Lefferts Gardens market.
Players
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93