Guardian Realty Management Acquires MultiFamily Property From Jonas Equities In Brooklyn
SOLD
$16,300,000
New York
See Similar DealsMultiFamily
Sold 12/02/2016
SOLD
Guardian Realty Management Acquires MultiFamily Property From Jonas Equities In Brooklyn
15 Crooke Ave, Brooklyn, NY, 11226
See Similar DealsMultiFamily
Sold 12/02/2016
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
The property at 15 Crooke Ave, Brooklyn, NY, 11226 in Brooklyn was sold on 12/02/2016. The asset is a MultiFamily property that was acquired by Guardian Realty Management from the seller, Jonas Equities, for a total sale price of $16,300,000.00.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,300,000.00
- Address: 15 Crooke Ave, Brooklyn, NY, 11226
- Market: Brooklyn
- Buyer's Rep: Lipa Lieberman (Meridian Capital Group)
- Seller's Rep: Mark Steinmetz (Meridian Capital Group)
- Buyer: Guardian Realty Management
- Seller: Jonas Equities
Lipa Lieberman from Meridian Capital Group represented the buyer, Guardian Realty Management, in this transaction, while Mark Steinmetz, also from Meridian Capital Group, acted as the seller's representative, working with Jonas Equities. The deal involved key individuals and companies facilitating the smooth transfer of the MultiFamily property.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$869,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$57,910.46
Cash-on-Cash Return-1.27%
Monthly Debt Service$77,270.32
Annual Debt Service$927,243.79
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