Updated May 12, 2025
Steven Kachanian Of Klosed Properties Acquires Multifamily In Bedstuy, Brooklyn For $1.5M
217 Thomas S Boyland St, Brooklyn, NY 11233, USA
Building Size
72,800 SF
Asset Type
MultiFamily
Closing
Mar 26, 2018
About this deal
AI
The property involved in this transaction is a multifamily asset located at 217 Thomas S Boyland Street, New York, in the Bedstuy, Brooklyn market. The transaction was completed at a price of $1,500,000, encompassing a total area of 7,280 square feet. It comprises 8 units, resulting in a price per square foot of $206 and a price per unit of $187,500.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Square Footage: 7,280
- Address: 217 Thomas S Boyland Street, New York
- Market: Bedstuy, Brooklyn
- Units: 8
- Price per Square Foot: $206
- Price per Unit: $187,500
- Seller: Yossi Yaakov
- Buyer: Steven Kachanian of Klosed Properties
Key individuals in this transaction include Steven Kachanian, representing Klosed Properties as the buyer, and Yossi Yaakov as the seller. This transaction occurs amidst Klosed Properties currently having 12 properties under hard contract.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93