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199 North 5th Street

Koby Talyas Of Investmates Real Estate Acquires Multifamily Property From New Beginning Church For $4.35M
SOLDMultiFamily

Koby Talyas Of Investmates Real Estate Acquires Multifamily Property From New Beginning Church For $4.35M

199 North 5th Street

$4,350,000

$255/SF

Building Size

17,000 SF

Asset Type

MultiFamily

Closing

Jan 17, 2025

AI

The asset involved in this transaction is a multifamily property located at 199 North 5th Street in Brooklyn. The sale was finalized at a price of $4,350,000, with a total square footage of 17,000, resulting in a price per square foot of $255.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,350,000
  • Address: 199 North 5th Street
  • Market: Brooklyn
  • Square Footage: 17,000
  • Price Per Square Foot: $255
  • Buyer: Koby Talyas - Investmates Real Estate
  • Seller: New Beginning Church

Key individuals in this transaction include Koby Talyas, who represented Investmates Real Estate in the purchase, and the New Beginning Church, the seller of the property.

Players

Koby Telyas

Buyer

$183.6M

vol

8 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.65%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93