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
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
3.17%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93