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218 17th Street, Brooklyn, ...

Updated Sep 9, 2024

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

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

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

$1,725,000

$558/SF

Building Size

3,091 SF

Asset Type

MultiFamily

Closing

Feb 13, 2022

About this deal

AI

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.

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$1,725,000

$558/SF

MultiFamily

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Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$651.3M

vol

151 deals

Broker
Gabriel Kates
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Gabriel Kates

Block Real Estate Group

Broker

$174.3M

vol

65 deals

Broker

Robert Saffayeh

Buyer

$20.7M

vol

2 deals

Buyer

Joann Bradley

Seller

$4.7M

vol

2 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $558 per square foot on a published $1.7M for 3,091 square feet (2022).

Visit Toby Waring to view all their deals.

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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