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2233 81st St Brooklyn, Ny 1...

Balzano Family Acquires MultiFamily Property In New York City For $2.95M
SOLDMultiFamily

Balzano Family Acquires MultiFamily Property In New York City For $2.95M

2233 81st St Brooklyn, Ny 11214, Usa

$2,950,000

$166/SF

Building Size

17,760 SF

Asset Type

MultiFamily

Closing

Apr 3, 2023

AI

The multi-family property located at 2233 81st Street in New York City has been sold for a price of $2,950,000. This property consists of 24 units, with an average price per unit of $122,917. The total square footage of the property is 17,760, resulting in a price per square foot of $166.

Summary of transaction details

  • Property Type: MultiFamily
  • Transaction Amount: $2,950,000
  • Units: 24
  • Price per Unit: $122,917
  • Square Footage: 17,760
  • Price per Square Foot: $166

The sale of this multi-family property was facilitated by the brokers Shlomo Antebi, Natan Safdieh, Nate Pilchik, Yosef Katz, and Erik Yankelovich from Atlas Realty Group. They represented the buyer, the Balzano Family, in this transaction.

Players

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93