Anthony Tristani Acquires 237 Kent St Multifamily Property In Brooklyn For $5M From Emmanuel Michelakis
SOLD
$5,000,000
New York
See Similar DealsMultiFamily21,521 SF
Sold 10/02/2017
SOLD
Anthony Tristani Acquires 237 Kent St Multifamily Property In Brooklyn For $5M From Emmanuel Michelakis
237 Kent St
See Similar DealsMultiFamily21,521 SF
Sold 10/02/2017
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$232
Total Square Footage:21,521 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily asset located at 237 Kent St, Brooklyn. The sale was executed for a price of $5,000,000.00, encompassing a total square footage of 21,521.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $5,000,000.00
- Address: 237 Kent St
- Market: Brooklyn
- Square Footage: 21,521.0
- Buyer: Anthony Tristani
- Seller: Emmanuel Michelakis
- Broker: Sasha Berg - GFI Realty Services
The transaction was facilitated by Sasha Berg from GFI Realty Services, representing the interests of the seller, Emmanuel Michelakis, while the buyer was Anthony Tristani.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61
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