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223 24th Street, South Slop...

Robert Yak Acquires Multifamily Property On 223 24th Street, Brooklyn For $1.16M
SOLDMultiFamily

Robert Yak Acquires Multifamily Property On 223 24th Street, Brooklyn For $1.16M

223 24th Street, South Slope, Brooklyn, NY, USA

$1,160,000

$281/SF

Building Size

4,125 SF

Asset Type

MultiFamily

Closing

Dec 27, 2018

AI

Located at 223 24th Street in South Slope, Brooklyn, this multifamily property was recently sold in a closed transaction. The property spans a total of 4,125 square feet, with a selling price of $1,160,000 and a price per square foot of $281. The sale was facilitated by Elli Khafizov from assetcrg, who represented both the seller, Steven Przybyl, and the buyer, Robert Yak.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,160,000
  • Date: 12/28/2018
  • Market: South Slope, Brooklyn
  • Square Footage: 4,125
  • Price per Square Foot: $281

The deal was successfully closed within just two weeks after the contract was signed. Elli Khafizov of assetcrg proved instrumental in representing both parties in this transaction, demonstrating his expertise in the industry.

Players

Elli Khafizov

Atlas Realty Group

Broker

$52.4M

vol

11 deals

Broker

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

13.68%

Cash-on-Cash

-3.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93