Updated Sep 9, 2024
Rob Kaufelt Buys MultiFamily Property From Cheskel Strulovitch For $16.9M In Brooklyn
255 Berry St, Brooklyn, NY, 11249
$16,900,000
$450/SF
Building Size
37,500 SF
Asset Type
MultiFamily
Closing
Jul 10, 2017
About this deal
AI
The property located at 255 Berry St, Brooklyn, NY, 11249 is a multi-family asset spanning 37,500 square feet. The transaction involved the sale of the building for $16,900,000.00 in the Brooklyn market.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $16,900,000.00
- Address: 255 Berry St, Brooklyn, NY, 11249
- Market: Brooklyn
- Buyer: Rob Kaufelt
- Seller: Cheskel Strulovitch
- Square Footage: 37,500
Rob Kaufelt, the former owner of Murray’s Cheese, purchased the property from Cheskel Strulovitch. The building includes 14 rent-stabilized units and two commercial units. Representing both the buyer and the seller in this transaction were Daniel Rahmani and Lukas Rociunas-Englert from Capital Property Partners.
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
0.94%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93