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195 Underhill Avenue, Brook...

Joseph Lichtman Acquires Multifamily Property In Brooklyn From The Fried Family For $8.2M
SOLDMultiFamily

Joseph Lichtman Acquires Multifamily Property In Brooklyn From The Fried Family For $8.2M

195 Underhill Avenue, Brooklyn, NY, USA

$8,200,000

$1,642/SF

Building Size

4,992 SF

Asset Type

MultiFamily

Closing

Dec 30, 2020

AI

Located at 195 Underhill Avenue in Brooklyn, this multifamily property recently changed hands in a closed transaction. The property consists of 36 units and was sold for a price of $8,200,000, resulting in an average price per unit of $227,777. The sale took place on December 31, 2020, with Joseph Lichtman acting as the buyer and the Fried Family as the seller. The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $8,200,000
  • Address: 195 Underhill Avenue, Brooklyn
  • Market: Brooklyn
  • Units: 36
  • Price per Unit: $227,777

The involvement of Joseph Lichtman as the buyer and the Fried Family as the seller demonstrates the key individuals behind this transaction. Additionally, brokers Shlomo Antebi, Yosef Katz, and Erik Yankelovich from ARG_NYC played a crucial role in facilitating the deal.

Players

Erik Yankelovich

Atlas Realty Group

Broker

$1.1B

vol

128 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

1.93%

Cash-on-Cash

-0.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93