Updated Oct 29, 2024
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
About this deal
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.
On the Map
$1,850,000
$522/SF
MultiFamily
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Brooklyn 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