David Khaloyan, Benjamin Esshaghian & Ali Tabrizi Acquire Multifamily Property On 228 East 25th Street In New York For $4.4M
228 East 25th Street
$4,400,000
$539/SF
Building Size
8,160 SF
Asset Type
MultiFamily
Closing
May 31, 2023
AI
Located at 228 East 25th Street in New York, this multifamily property was recently closed in a sale transaction. The property consists of 12 units and spans across 8,160 square feet. The sale price for the property was $4,400,000, resulting in a price per unit of $366,667. The price per square foot was calculated to be $539.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,400,000
- Market: New York
- Buyer: David Khaloyan, Benjamin Esshaghian & Ali Tabrizi
- Seller: Dr. Mohammed Dastghaib
- Broker: Alan Stenson - Brax Realty
The buyers of this property are David Khaloyan, Benjamin Esshaghian, and Ali Tabrizi. They were represented by their broker, Alan Stenson from Brax Realty. The seller in the transaction was Dr. Mohammed Dastghaib.
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
3.61%
Cash-on-Cash
-1.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93