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
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.
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
2.65%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93