Garry Knopov, Robert Rahmanian, And Louis Adler Acquire Multi Family Property In Brooklyn For $2.85M
138 Union St, Brooklyn, NY 11231, USA
$2,850,000
$493/SF
Building Size
5,780 SF
Asset Type
MultiFamily
Closing
Aug 15, 2018
AI
Located at 138 Union Street in Brooklyn, New York, this multi-family property was recently sold for a price of $2,850,000. The transaction involved the seller, Bill Caleo, and the buyers, Garry Knopov, Robert Rahmanian, and Louis Adler. The property is situated in the Brooklyn market, offering a lucrative investment opportunity in the multi-family sector.
Summary of Transaction Details
- Property Type: Multi Family
- Transaction Amount: $2,850,000
- Seller: Bill Caleo
- Buyers: Garry Knopov, Robert Rahmanian, and Louis Adler
- Brokers: William Barrett & Winfield Clifford – Cushman & Wakefield
In this transaction, the buyers were represented by William Barrett and Winfield Clifford from Cushman & Wakefield. Their expertise and negotiation skills played a crucial role in successfully closing the deal. The purchase of 138 Union Street showcases the buyers' commitment and confidence in the Brooklyn real estate market.
Players
Brooklyn 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
5.57%
Cash-on-Cash
-1.59%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93