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237 Kent St

Anthony Tristani Acquires 237 Kent St Multifamily Property In Brooklyn For $5M From Emmanuel Michelakis
SOLDMultiFamily

Anthony Tristani Acquires 237 Kent St Multifamily Property In Brooklyn For $5M From Emmanuel Michelakis

237 Kent St

$5,000,000

$232/SF

Building Size

21,521 SF

Asset Type

MultiFamily

Closing

Oct 2, 2017

AI

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.

Players

Sasha Berg

GFI Realty Services

Broker

$69.3M

vol

11 deals

Broker

Anthony Tristani

Buyer
Buyer

Emmanuel Michelakis

Seller
Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93