facebook
Traded Co logo
Submit
Daily limit: 0/10

Moses Rabinowitz Acquires Multifamily Sites In Brooklyn For $5.7M

Property Image
SOLD
$5,700,000

New York

See Similar Deals
MultiFamily
Sold 05/03/2024
the dealplayerscompscontact
Property Image
SOLD

Moses Rabinowitz Acquires Multifamily Sites In Brooklyn For $5.7M

21 Montauk Avenue & 22 Milford Street

See Similar Deals
MultiFamily
Sold 05/03/2024
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale

The two multifamily redevelopment sites on 21 Montauk Avenue & 22 Milford Street in Brooklyn were sold for $5.7 million. The properties, totaling 96 units, were previously storage facilities and were acquired by buyer Moses Rabinowitz at a price of $59,375 per unit.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $5,700,000
  • Units: 96
  • Price Per Unit: $59,375
  • Address: 21 Montauk Avenue & 22 Milford Street, Brooklyn

Jacob Stavksy of Stav Equities LLC represented the buyer, Moses Rabinowitz, in the $5.7 million transaction involving the acquisition of the two multifamily redevelopment sites in Brooklyn. The properties, formerly used as storage facilities, are now set for redevelopment under the new ownership.

Players

Jacob Stavsky
29 deals$175.2M volume(201) 566-6150
BROKER

Details

SOLD
IMAGE: Jacob Stavksy DATE: 05/03/2024 ADDRESS: 21 Montauk Avenue & 22 Milford Street MARKET: Brooklyn ASSET TYPE: Multifamily BUYER: Moses Rabinowitz BROKER: Jacob Stavksy (@Stav_Equities) - Stav Equities LLC SALE PRICE: $5,700,000 UNITS: 96 ~ PPU: $59,375 NOTE: Stav Equities brokered the $5.7 million sale of two multifamily redevelopment sites in Brooklyn, formerly storage facilities, to buyer Moses Rabinowitz.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$304,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$20,250.89
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,020.91
Annual Debt Service$324,250.90