SOLDMultiFamily
Joseph Safdie Acquires Apartment Building In Crown Heights, Brooklyn For $5.97M
2351 Pacific St, Brooklyn, NY 11233, USA
$950,000
$17/SF
Building Size
55,000 SF
Asset Type
MultiFamily
Closing
Nov 7, 2018
AI
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
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
16.70%
Cash-on-Cash
-4.77%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93