Updated Apr 9, 2025
Darren Lerman Acquires MultiFamily Property At 1575 Dekalb Ave Brooklyn For $1.965M
1575 Dekalb Ave
$1,965,000
$243/SF
Building Size
8,060 SF
Asset Type
MultiFamily
Closing
Jan 5, 2017
About this deal
AI
The property involved in this transaction is located at 1575 Dekalb Ave in Brooklyn. It is a MultiFamily asset with a total price of $1,965,000.00 and encompasses an area of 8,060 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,965,000.00
- Address: 1575 Dekalb Ave
- Market: Brooklyn
- Square Footage: 8,060.0
- Buyer: Darren Lerman
- Seller: Adam Gelb and Murray Gelb
- BROKER: Shlomo Antebi - Atlas Realty Group
Darren Lerman acquired the property from sellers Adam Gelb and Murray Gelb, with Shlomo Antebi representing the Atlas Realty Group in the transaction, facilitating the deal between the buyer and sellers.
On the Map
$1,965,000
$243/SF
MultiFamily
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Players
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
8.07%
Cash-on-Cash
-2.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93