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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 Sotheby's International Realty

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