Updated Oct 28, 2024
Gillman Management Acquires Multifamily Property In Brooklyn From Morris Lieberman
1616 President Street, Brooklyn, NY 11213
$3,170,000
$162/SF
Building Size
19,528 SF
Asset Type
MultiFamily
Closing
Sep 20, 2021
About this deal
AI
The multifamily property located at 1616 President Street in Brooklyn has been sold in a recent transaction. The sale was facilitated by Aaron Jungreis and Ben Khakshoor from Rosewood Realty Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,170,000
- Address: 1616 President Street, Brooklyn
- Market: Brooklyn
- Buyer: Gillman Management
- Seller: Morris Lieberman
- Brokers: Aaron Jungreis & Ben Khakshoor - Rosewood Realty Group
Gillman Management acted as the buyer, while the seller was Morris Lieberman. During the transaction, Aaron Jungreis and Ben Khakshoor, representing Rosewood Realty Group, played key roles in facilitating the deal.
Players
New York 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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93