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
New York 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
6.35%
Cash-on-Cash
-1.81%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93