Nicolas Bazzani And Thea Grant Acquire Multifamily Property In Brooklyn For $2.325M With Seller's Rep Joshua Golan And Adam Sadel
SOLD
$2,325,000
New York
See Similar DealsMultiFamily2,735 SF
Sold 08/01/2025
SOLD
Nicolas Bazzani And Thea Grant Acquire Multifamily Property In Brooklyn For $2.325M With Seller's Rep Joshua Golan And Adam Sadel
190a Decatur Street
See Similar DealsMultiFamily2,735 SF
Sold 08/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$850
Total Square Footage:2,735 SF
Transaction Type:Sale
The asset involved in the transaction is a multifamily property located at 190a Decatur Street in Brooklyn. The sale price was $2,325,000, with a total of 2 units. The property has a total square footage of 2,735 and a price per square foot of $850. The price per unit is $1,162,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,325,000
- Units: 2
- Price Per Unit: $1,162,500
- Square Footage: 2,735
- Price Per Square Foot: $850
- Buyer: Nicolas Bazzani & Thea Grant
- Seller: Ryan Kaydanian & Mitchel Ahdoot
- Seller's Representative: Joshua Golan & Adam Sadel - Compass
The transaction involved buyers Nicolas Bazzani and Thea Grant, while the sellers were Ryan Kaydanian and Mitchel Ahdoot. The deal was represented by Joshua Golan and Adam Sadel from Compass on behalf of the sellers.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$124,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,260.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,021.69
Annual Debt Service$132,260.23
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