facebook
Traded Co logo
Submit

Robert Saffayeh Acquires Multifamily Property In Greenwood Heights, Brooklyn For $1.725M

Property Image
SOLD
$1,725,000
Luke Sproviero
Gabriel Kates
+ 5

New York

See Similar Deals
MultiFamily3,091 SF
Sold 02/14/2022
the dealplayerscompscontact
Property Image
SOLD

Robert Saffayeh Acquires Multifamily Property In Greenwood Heights, Brooklyn For $1.725M

218 17th Street, Brooklyn, New York 11215, United States

See Similar Deals
MultiFamily3,091 SF
Sold 02/14/2022
Luke Sproviero
Gabriel Kates
+ 5
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$558
Total Square Footage:3,091 SF
Transaction Type:Sale

A multifamily property located at 218 17th Street in Greenwood Heights, Brooklyn, was recently sold for $1,725,000. The property consists of four units and spans a total of 3,091 square feet, resulting in a price per square foot of $558. The transaction took place on February 14, 2022.

Summary of transaction details

The deal was facilitated by the brokers Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah, and Gabriel Kates of Bestreich Realty Group (BRG). Congratulations to all parties involved in this successful transaction.

Players

Adam Lobel
137 deals$583.5M volume(314) 920-8639
BROKER

Derek Bestreich
Investment Property Realty Group (IPRG)
312 deals$1.1B volume(718) 360-8802
BROKER

Daniel Shawah
Baldwin Pearson & Co
33 deals$103.9M volume(203) 531-6348
BROKER

Luke Sproviero
Investment Property Realty Group (IPRG)
222 deals$848.7M volume
BROKER

Toby Waring
Investment Property Realty Group (IPRG)
89 deals$348.6M volume
BROKER

Gabriel Kates
Block Real Estate Group
59 deals$158.4M volume(508) 365-8278
BROKER


2 deals$4.7M volume
SELLER

Details

SOLD
IMAGE: Adam Lobel & Gabriel Kates DATE: 02/14/2022 ADDRESS: 218 17th Street MARKET: Greenwood Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Robert Saffayeh SELLER: Joann Bradley & Lily Hsia BROKERS: Derek Bestreich, Luke Sproviero (@DaLucien), Adam Lobel (@AdamLobelRealEstate), Toby Waring (@BklynBricks), Daniel Shawah (@DanielJShawah) & Gabriel Kates (@GabeKates) - Bestreich Realty Group (BRG) (@BRG_CRE) SALE PRICE: $1,725,000 UNITS: 4 ~ PPU: $431,250 SF: 3,091 ~ PPSF: $558

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)

$91,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,128.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,177.38
Annual Debt Service$98,128.56