Charif Smith Purchases Multifamily Property From Joseph Aghelian On Herkimer Street For $1.62M
1393 Herkimer Street
$1,622,000
$983/SF
Building Size
1,650 SF
Asset Type
MultiFamily
Closing
Oct 11, 2024
AI
The property asset is a multifamily building located at 1393 Herkimer Street in Brooklyn. The sale price for this asset was $1,622,000, which translates to a price per unit of $811,000. The building comprises 2 units and has a total square footage of 1,650, resulting in a price per square foot of $983.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,622,000
- Buyer: Charif Smith
- Seller: Joseph Aghelian
- Broker: Sully Klein - Real Street
- Units: 2
- Square Footage: 1,650
- Price Per Unit: $811,000
- Price Per Square Foot: $983
The transaction involved Charif Smith as the buyer and Joseph Aghelian as the seller. Sully Klein from Real Street served as the broker representing the transaction, facilitating the deal between the two parties involved.
Players
Brooklyn 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
9.78%
Cash-on-Cash
-2.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93