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1362 Pacific St Brooklyn, N...

David Cohen Acquires MultiFamily Property On Pacific Street In New York City For $2.5M
SOLDMultiFamily

David Cohen Acquires MultiFamily Property On Pacific Street In New York City For $2.5M

1362 Pacific St Brooklyn, NY 11216, USA

$2,500,000

$454/SF

Building Size

5,500 SF

Asset Type

MultiFamily

Closing

Jul 20, 2023

AI

A multifamily property located at 1362 Pacific Street in New York City has been sold for $2,500,000. The property spans approximately 5,500 square feet, resulting in a price per square foot of $455.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,500,000
  • Address: 1362 Pacific Street
  • Market: New York City

David Cohen has purchased the property from Isaac Azari. The deal was facilitated by Jacob Stavsky of Stav Equities LLC, as the buyer's representative, and Andrew Levine, Josh Lipton, and Jax Hindmarch of Invictus, who served as the seller's representatives. These brokers played a crucial role in bringing both parties together and ensuring a successful transaction.

Players

Jacob Stavsky

Stav Equities LLC

Broker

$175.8M

vol

30 deals

Broker
David Cohen

David Cohen

Buyer

$369.2M

vol

21 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.35%

Cash-on-Cash

-1.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93