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

Property Image
SOLD
$1,600,000
Jacob Namdar
Adam Hajibai
+ 2

New York

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MultiFamily75,000 SF
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily75,000 SF
Sold
Jacob Namdar
Adam Hajibai
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$21
Total Square Footage:75000 SF
Transaction Type:Sale

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
100 deals$488.4M volume(914) 584-7422
BROKER

B6 Real Estate Advisors
BROKERAGE

Adam Hajibai
Klosed Properties
21 deals$76.1M volume
BUYER

Jacob Namdar
Klosed Properties
15 deals$22.7M volume
BUYER

Steven Kachanian
Klosed Properties
36 deals$91.9M volume
BUYER

Details

SOLD
IMAGE: Adam Hajibai, Jacob Namdar, DJ Johnston, Steven Kachanian DATE: 02/19/2020 ADDRESS: 2742 West 15th Street MARKET: Coney Island, Brooklyn ASSET TYPE: Multifamily SALE PRICE: $1,600,000 SF: 7,500 PPSF: $213 UNITS: 8 PPU: $200,000 SELLER: Isaac Fried – SkyBrook BUYER: Klosed Properties – Steven Kachanian, Jacob Namdar & Adam Hajibai BROKER: Dj Johnston – B6 […]

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$85,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,684.48
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,584.82
Annual Debt Service$91,017.80