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228 East 25th Street

David Khaloyan, Benjamin Esshaghian & Ali Tabrizi Acquire Multifamily Property On 228 East 25th Street In New York For $4.4M
SOLDMultiFamily

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

Alan Stenson

Brax Realty

Broker

$120.4M

vol

20 deals

Broker

Ali Tabrizi

EKT Equities, LLC

Buyer

$63.1M

vol

14 deals

Buyer

Dr. Mohammed Dastghaib

Seller

$8.8M

vol

2 deals

Seller

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