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218 17th Street, Brooklyn, ...

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

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.

Players

Adam Lobel

Investment Property Realty Group (IPRG)

Broker

$627.2M

vol

146 deals

Broker
Gabriel Kates
Verified Badge

Gabriel Kates

Block Real Estate Group

Broker

$163M

vol

62 deals

Broker

Robert Saffayeh

Buyer

$20.7M

vol

2 deals

Buyer

Joann Bradley

Seller

$4.7M

vol

2 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

9.20%

Cash-on-Cash

-2.63%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93