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203 17th Street, Greenwood ...

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
SOLDMultiFamily

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

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

Justin Meshberg

Seller

$7.6M

vol

3 deals

Seller

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