James Grasso Of Cohabs Purchases Multifamily Property From The Roman Catholic Church For $3.815M
SOLD
$3,750,000
New York
See Similar DealsMultiFamily11,460 SF
Sold 09/25/2025
SOLD
James Grasso Of Cohabs Purchases Multifamily Property From The Roman Catholic Church For $3.815M
225 Brooklyn Avenue
See Similar DealsMultiFamily11,460 SF
Sold 09/25/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$327
Total Square Footage:11,460 SF
Transaction Type:Sale
The property involved in this transaction is a multifamily asset located at 225 Brooklyn Avenue in Brooklyn. The sale price was $3,815,000, with a total square footage of 11,460 and a price per square foot of $333.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,815,000
- Address: 225 Brooklyn Avenue
- Market: Brooklyn
- Square Footage: 11,460
- Price per Square Foot: $333
- Buyer: James Grasso - Cohabs
- Seller: The Roman Catholic Church - Reverend Frank Black
- Buyer's Representative: Zalman Yarmush - Yarmush Investment Group
The key participants in this transaction include the buyer James Grasso, representing Cohabs, and the seller Reverend Frank Black of The Roman Catholic Church. The buyer's representative in the deal is Zalman Yarmush from Yarmush Investment Group, who facilitated the transaction.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$199,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$13,322.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,776.91
Annual Debt Service$213,322.96
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