Updated Dec 21, 2023
Klosed Properties Acquires Brooklyn Multifamily For $2.75M
173 Classon Ave, Brooklyn, NY 11205, USA
Building Size
43,500 SF
Asset Type
MultiFamily
Closing
Jan 31, 2017
About this deal
AI
The multifamily property located at 173 Classon Ave in Brooklyn, New York was sold on February 1, 2017 for a total price of $2,750,000. With a total square footage of 4,350, the property was valued at an average price per square foot of $632.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,750,000.00
- Square Footage: 4,350
- Price per Square Foot: $632
Klosed Properties' Steven Kachanian acted as the buyer in this transaction.
Traded’s record for 173 Classon Ave, Brooklyn, NY 11205, USA in New York, New York covers a multifamily sale from 2017. The building is 43,500 square feet, implying about 0 per square foot on the published price. This page is the New York, New York file for the 173 Classon Ave, Brooklyn, NY 11205, USA multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 173 Classon Ave, Brooklyn, NY 11205, USA around 2017. Cite this Klosed Properties Acquires Brooklyn Multifamily For $2.75M sale when underwriting similar multifamily product around New York, New York.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93