Joseph Safdie Acquires Apartment Building In Crown Heights, Brooklyn For $5.97M
SOLD
$950,000
New York
See Similar DealsMultiFamily55,000 SF
Sold 11/08/2018
SOLD
Joseph Safdie Acquires Apartment Building In Crown Heights, Brooklyn For $5.97M
2351 Pacific St, Brooklyn, NY 11233, USA
See Similar DealsMultiFamily55,000 SF
Sold 11/08/2018
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$17
Total Square Footage:55,000 SF
Transaction Type:Sale
The property involved in this transaction is an apartment located at 2342 Atlantic Avenue in Crown Heights, Brooklyn. It has a zoning designation of R6/R8A. The transaction took place on June 17, 2022.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $5,975,000
- Market: Crown Heights, Brooklyn
- Address: 2342 Atlantic Avenue
- Zoning: R6/R8A
- Square Footage: 14,186
- Price per Square Foot: $421
- Lot Size: 4,000
- Lot Dimensions: 40 X 100
- Last Sale: $5,400,000 (02/15/2017)
The buyer in this transaction is Joseph Safdie, while the seller is Isaac Abraham.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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