Updated Dec 4, 2024
Joe Safdie & Adam Kushnir Acquire Multifamily Property In Brooklyn From Witnick Real Estate
2342 Atlantic Avenue, Brooklyn, New York 11233, United States
$5,975,000
$421/SF
Building Size
14,186 SF
Asset Type
MultiFamily
Closing
Jun 16, 2022
About this deal
AI
A multifamily property located at 2342 Atlantic Ave. in Brooklyn was recently sold for $5,975,000. The property spans 16,495 square feet, resulting in a price per square foot of $362. The transaction took place on June 17, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,975,000
- Address: 2342 Atlantic Ave.
- Market: Brooklyn
Joe Safdie and Adam Kushnir acquired the property from Witnick Real Estate. Lev Mavashev and Daniel Aminov from Alpha Realty represented the buyers in the deal.
On the Map
$5,975,000
$421/SF
MultiFamily
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Players
Brooklyn 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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93