Guardian Realty Management Acquires MultiFamily Property From Jonas Equities In Brooklyn
15 Crooke Ave, Brooklyn, NY, 11226
$16,300,000
Building Size
—
Asset Type
MultiFamily
Closing
Dec 2, 2016
AI
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.
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
0.97%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93