Updated Sep 5, 2024
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
About this deal
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.
On the Map
$2,850,000
$493/SF
MultiFamily
View full map
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