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2742 W 15th St, Brooklyn, N...

Klosed Properties Acquires Multifamily Property In Coney Island For $1.6M
SOLDMultiFamily

Klosed Properties Acquires Multifamily Property In Coney Island For $1.6M

2742 W 15th St, Brooklyn, NY 11224, USA

$1,600,000

$21/SF

Building Size

75,000 SF

Asset Type

MultiFamily

Closing

Feb 18, 2020

AI

The multifamily property located at 2742 West 15th Street in Coney Island, Brooklyn has been sold for a price of $1,600,000. With a total square footage of 7,500, the property was sold for $213 per square foot. This multifamily asset consists of 8 units, resulting in a per unit cost of $200,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,600,000
  • Square Footage: 7,500
  • Price Per Square Foot: $213
  • Number of Units: 8
  • Price Per Unit: $200,000

The seller of the property was Isaac Fried, represented by SkyBrook. The buyer was Klosed Properties, represented by Steven Kachanian, Jacob Namdar, and Adam Hajibai. The deal was brokered by Dj Johnston from B6. The transaction took place on February 19, 2020.

Players

DJ Johnston

Matthews

Broker

$493.3M

vol

102 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage
Adam Hajibai

Adam Hajibai

Klosed Properties

Buyer

$76.1M

vol

21 deals

Buyer

Isaac Fried

Seller

$15.6M

vol

5 deals

Seller

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

9.91%

Cash-on-Cash

-2.83%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93