Updated Dec 21, 2023
Selimaj Family Acquires Multifamily Property In Brooklyn For $3.5M
1829 East 14th Street, Brooklyn, NY, USA
$3,500,000
$197/SF
Building Size
17,700 SF
Asset Type
MultiFamily
Closing
Nov 16, 2020
About this deal
AI
The multifamily property located at 1829 East 14th Street in Brooklyn has been sold for a price of $3,500,000. The property spans across 17,700 square feet and has a price per square foot of $197. The transaction took place on November 17, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Address: 1829 East 14th Street, Brooklyn
- Market: Brooklyn
- Zoning: R5B
The buyer of the property is the Selimaj Family, while the seller is the Kwong Family. The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93