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Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Multifamily Property In Clinton Hill, Brooklyn

Property Image
SOLD
$2,162,500
+ 2

New York

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MultiFamily5,875 SF
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SOLD

Ali Tabrizi, David Khaloyan, And Benjamin Esshaghian Acquire Multifamily Property In Clinton Hill, Brooklyn

211 Lafayette Ave, Clinton Hill, Brooklyn, NY, USA

See Similar Deals
MultiFamily5,875 SF
Sold
+ 2
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$368
Total Square Footage:5875 SF
Transaction Type:Sale

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

Michael (Mike) Lipman
3 deals$7.2M volume
BROKER


14 deals$63.1M volume
BUYER

16 deals$77.1M volume
BUYER

Benjamin Esshaghian
14 deals$63.1M volume
BUYER

2 deals$4.9M volume
SELLER

Details

SOLD
IMAGE: Benjamin Esshaghian, David Khaloyan & Ali Tabrizi DATE: 03/01/2021 ADDRESS: 211 Lafayette Ave. MARKET: Clinton Hill, Brooklyn ASSET TYPE: Multifamily BUYER: @AliTabrizi, David Khaloyan @Khal_oyan & Benjamin Esshaghian @BenjiEsshaghian SELLER: Antoon Schollee BROKER: Michael Lipman - Compass ASKING PRICE: $2,850,000 SALE PRICE: $2,162,500 UNITS: 15 ~ PPU: $144,166 SF: 5,875 ~ PPSF: $368

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

$115,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$7,682.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$10,251.35
Annual Debt Service$123,016.24