Updated Dec 21, 2023
Freddy Chagla Acquires Multifamily Property In Brooklyn For $820,000
27 Autumn Ave, Brooklyn, NY, USA
$820,000
$347/SF
Building Size
2,360 SF
Asset Type
MultiFamily
Closing
Nov 19, 2020
About this deal
AI
Located in Brooklyn's market, the multifamily property at 27 Autumn Ave. recently changed hands in a closed transaction. The property, with a total square footage of 2,360, is zoned R5, indicating its intended use. The deal was brokered by Janet Arklis from Premier Metro Realty.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $820,000
- Address: 27 Autumn Ave.
- Market: Brooklyn
- Zoning: R5
Freddy Chagla acquired the property from Cheskel Mertz for a total sale price of $820,000. The property had an asking price of $879,000, resulting in a final price per square foot of $347. The transaction was completed on 11/20/2020.
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
19.35%
Cash-on-Cash
-5.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93