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138 Union St, Brooklyn, NY ...

Garry Knopov, Robert Rahmanian, And Louis Adler Acquire Multi Family Property In Brooklyn For $2.85M
SOLDMultiFamily

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

Winfield Clifford

JLL

Broker

$2.6B

vol

75 deals

Broker

Bill Caleo

Seller

$2.9M

vol

2 deals

Seller

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