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1793 East 17th Street, Broo...

Raffoul Dichy Acquires Multifamily Property In Brooklyn For $1.85M With Broker Joseph Baglio
SOLDMultiFamily

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

Joseph Baglio

Madison Estates

Broker

$13.7M

vol

5 deals

Broker

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