Garry Knopov, Robert Rahmanian, And Louis Adler Acquire Multi Family Property In Brooklyn For $2.85M
SOLD
$2,850,000
New York
See Similar DealsMultiFamily5,780 SF
Sold 08/15/2018
SOLD
Garry Knopov, Robert Rahmanian, And Louis Adler Acquire Multi Family Property In Brooklyn For $2.85M
138 Union St, Brooklyn, NY 11231, USA
See Similar DealsMultiFamily5,780 SF
Sold 08/15/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$493
Total Square Footage:5,780 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$151,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,125.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,510.45
Annual Debt Service$162,125.45
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