Updated Sep 5, 2024
Said Shamsian Acquires South Slope Multifamily For $2.15M
250 19th Street
$2,150,000
$430/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Feb 26, 2019
About this deal
AI
The multifamily property located at 250 19th St in South Slope, BK has been sold for a total price of $2.15 million. The property spans approximately 5,000 square feet, resulting in a price per square foot of $430.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2.15M
- Address: 250 19th St
- Market: South Slope, BK
- Seller: Cloty & Alberto Olivencia
- Buyer: Said Shamsian
- Brokers: Nowak & Partners - Marcus and Millichap - Jesse Kay, Jakub Nowak and Matthew Rosenzweig
Representatives from Nowak & Partners, Marcus and Millichap, including Jesse Kay, Jakub Nowak, and Matthew Rosenzweig, facilitated the sale of this property.
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
7.38%
Cash-on-Cash
-2.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93