Updated Nov 20, 2023
Alon Elbaz Acquires Multifamily Property In Midwood, Brooklyn For $1.25M
1360 East 8th Street, Brooklyn, NY 11230
$1,250,000
$520/SF
Building Size
2,400 SF
Asset Type
MultiFamily
Closing
Dec 5, 2018
About this deal
AI
A multifamily property located at 1360 East 8th Street in Midwood, Brooklyn was recently sold in a transaction. The property spans approximately 2,400 square feet and was sold for a price of $1,250,000, resulting in a price per square foot of $520.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $1,250,000
The seller of the property was Edward Dzienkiewicz, while the buyer was Alon Elbaz. The transaction was facilitated by the broker, Jack Sardar from @jacksardar_realestate.
The multifamily sale at 1360 East 8th Street, Brooklyn, NY 11230 in New York, New York sold for $1.3M in 2018. The building is 2,400 square feet, implying about 520 per square foot on the published price. Jack Sardar, Tri State Commercial Realty appear on the sale alongside Tri State Commercial Realty. This page is the New York, New York file for the 1360 East 8th Street, Brooklyn, NY 11230 multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 1360 East 8th Street, Brooklyn, NY 11230 around 2018. Published consideration for 1360 East 8th Street, Brooklyn, NY 11230 is $1.3M, dated 2018. Cite this Alon Elbaz Acquires Multifamily Property In Midwood, Brooklyn For $1.25M sale when underwriting similar multifamily product around New York, New York.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
12.69%
Cash-on-Cash
-3.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93