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131 Hastings St, Brooklyn, ...

Updated Dec 19, 2023

Igor Romanov Acquires Multifamily Property On Hastings Street In Manhattan Beach For $2.19M
SOLDMultiFamily

Igor Romanov Acquires Multifamily Property On Hastings Street In Manhattan Beach For $2.19M

131 Hastings St, Brooklyn, NY 11235, USA

$2,190,000

$466/SF

Building Size

4,700 SF

Asset Type

MultiFamily

Closing

Oct 31, 2019

About this deal

AI

131 Hastings Street, located in Manhattan Beach, Brooklyn, has been sold in a closed transaction. The multifamily property has a total of 2 units, with a spacious total square footage of 4,700. The property was sold for a sale price of $2,190,000, which corresponds to a price per square footage of $465. The seller of the property was Thea Fattal, while the buyer was Igor Romanov. The buyer was represented by Alen Moshkovich and Tatyan Agron, while the seller was represented by Jeff Reyngach and Steven Rakhmanov.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,190,000
  • Market: Manhattan Beach, Brooklyn
  • Address: 131 Hastings Street
  • Seller: Thea Fattal
  • Buyer: Igor Romanov
  • Buyer's Representative: Alen Moshkovich, Tatyan Agron
  • Seller's Representative: Jeff Reyngach, Steven Rakhmanov
  • Square Footage: 4,700
  • Price per Square Foot: $465
  • Number of Units: 2

The deal involved notable individuals and companies. Alen Moshkovich and Tatyan Agron represented Igor Romanov as the buyer's representatives, adding their expertise to ensure a successful transaction. On the other side, Jeff Reyngach and Steven Rakhmanov represented Thea Fattal as the seller's representatives, facilitating the sale process. This transaction highlights the collaboration and professionalism demonstrated by all parties involved.

Players

Jeff Reyngach

Compass

Broker

$14.2M

vol

6 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $466 per square foot on a published $2.2M for 4,700 square feet (2019).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.24%

Cash-on-Cash

-2.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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