Updated Oct 25, 2024
Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Multifamily Property In Clinton Hill, Brooklyn
211 Lafayette Ave, Clinton Hill, Brooklyn, NY, USA
$2,162,500
$368/SF
Building Size
5,875 SF
Asset Type
MultiFamily
Closing
Feb 28, 2021
About this deal
AI
A multifamily property located at 211 Lafayette Ave. in Clinton Hill, Brooklyn has been sold in a recent transaction. The property consists of 15 units with a total square footage of 5,875. The sale price for the property was $2,162,500, resulting in a price per unit of $144,166 and a price per square foot of $368.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,162,500
- Address: 211 Lafayette Ave.
- Units: 15
- Square Footage: 5,875
- Price per Unit: $144,166
- Price per Square Foot: $368
The buyers involved in the transaction are Ali Tabrizi, David Khaloyan, and Benjamin Esshaghian. The seller of the property is Antoon Schollee. The deal was facilitated by Michael Lipman from Compass.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.34%
Cash-on-Cash
-2.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93