Raffoul Dichy Acquires Multifamily Property In Brooklyn For $1.85M With Broker Joseph Baglio
1793 East 17th Street, Brooklyn, NY, USA
$1,850,000
$522/SF
Building Size
3,542 SF
Asset Type
MultiFamily
Closing
Dec 6, 2020
AI
The multifamily property located at 1793 East 17th Street in Brooklyn has been sold in a closed transaction. The property is zoned as R5B and offers a total building square footage (BSF) of 4,308. The sale price for the property was $1,850,000, with a price per building square foot (PPBSF) of $429. The property consists of 3,542 square feet (SF) and was sold at a price per square foot (PPSF) of $522.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,850,000
- Address: 1793 East 17th Street, Brooklyn
- Market: Brooklyn
- Zoning: R5B
- BSF: 4,308
- PPBSF: $429
- SF: 3,542
- PPSF: $522
Raffoul Dichy has acquired the property from The Aurelie Fraschilla Trust. The transaction was facilitated by Joseph Baglio of adisonEstates, representing the buyer.
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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93