Justin Meshberg Sells South Slope Multifamily Property For $7.6M With Buyer's Rep Shlomo Antebi Benedict & Seller's Rep Atlas Realty Group Partners LLC
203 17th Street, Greenwood Heights, Brooklyn, NY, USA
$7,600,000
$400/SF
Building Size
18,980 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
AI
The multifamily property located at 203 17th Street in South Slope has been sold for $7,600,000. The property spans across 18,980 square feet and is zoned as R6B. It consists of 29 units, with each unit having an average price per square foot of $400 and a price per unit of $262,068.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,600,000
- Market: South Slope
- Zoning: R6B
- Address: 203 17th Street
- Square Footage: 18,980
- Number of Units: 29
- Price per Square Foot: $400
- Price per Unit: $262,068
The sale was facilitated by Atlas Realty Group Partners LLC, with Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh representing the seller, Justin Meshberg. They played vital roles in the successful completion of the transaction.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93