Updated Dec 20, 2023
Atlas Realty Group Partners Acquires Midwood Multifamily For $17.6M With Yosef Katz, Erik Yankelovich, And Shlomo Antebi As Brokers
1620 Avenue I, Brooklyn, New York 11230, United States
$17,615,000
$217/SF
Building Size
81,185 SF
Asset Type
MultiFamily
Closing
Apr 6, 2022
About this deal
AI
The multifamily property located at 1620 Avenue I in Midwood has been sold in a closed transaction. The sale was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi of Atlas Realty Group Partners LLC. The transaction was completed on 04/07/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $17,615,000
- Address: 1620 Avenue I
- Market: Midwood
- Units: 67
- Price per Unit: $262,910
- Total Square Footage: 81,185
- Price per Square Foot: $216
In this transaction, the deal was facilitated by Yosef Katz, Erik Yankelovich, and Shlomo Antebi from Atlas Realty Group Partners LLC. They represented the parties involved in the sale of the multifamily property at 1620 Avenue I in Midwood. The transaction was successfully closed for a sale price of $17,615,000.
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
0.90%
Cash-on-Cash
-0.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93