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
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