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
- Property Type: Multifamily
- Transaction Amount: $1,725,000
- Address: 218 17th Street, Greenwood Heights, Brooklyn
- Market: Greenwood Heights, Brooklyn
- Buyer: Robert Saffayeh
- Seller: Joann Bradley & Lily Hsia
- Brokers: Derek Bestreich, Luke Sproviero, Adam Lobel, Toby Waring, Daniel Shawah & Gabriel Kates - Bestreich Realty Group (BRG)
- Units: 4
- Price per unit: $431,250
- Square footage: 3,091
- Price per square foot: $558
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
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