facebook
Traded Co logo
Submit

Simon Marom Acquires Multifamily Property In Midwood, BK For $2.8M

Property Image
SOLD
$2,800,000

New York

See Similar Deals
MultiFamily10,620 SF
Sold 03/06/2019
the dealplayerscompscontact
Property Image
SOLD

Simon Marom Acquires Multifamily Property In Midwood, BK For $2.8M

2405 Nostrand Avenue, Brooklyn, NY, USA

See Similar Deals
MultiFamily10,620 SF
Sold 03/06/2019
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$263
Total Square Footage:10,620 SF
Transaction Type:Sale

The multifamily property located at 2405-2409 Nostrand Ave in Midwood, BK has been sold. The transaction took place on 03/06/2019 and the property was sold for a price of $2.8M. The property spans over an area of 10,620 square feet, resulting in a price per square foot of $263. The seller of the property was David Natanov and the buyer was Simon Marom.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2.8M
  • Date: 03/06/2019
  • Address: 2405-2409 Nostrand Ave
  • Market: Midwood, BK

The transaction was facilitated by Marcel Fridman from Barcel Group, who represented the seller. It is worth noting that Barcel Group previously sold this property in 2015 for $1.85M.

Players

Marcel Fridman
141 deals$451.5M volume
BROKER


SELLER

Details

SOLD
IMAGE: Marcel Fridman DATE: 03/06/2019 ADDRESS: 2405-2409 Nostrand Ave MARKET: Midwood, BK ASSET TYPE: Multifamily SELLER: David Natanov BUYER: Simon Marom SALE PRICE: $2.8M SF: 10,620 ~ PPSF: $263 BROKER: Marcel Fridman - Barcel Group NOTE: Barcel Group last sold this in 2015 for $1.85M

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$149,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,947.82
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,273.43
Annual Debt Service$159,281.14