facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

151 Quincy Street, Brooklyn...

Ariel Shalom Sells Multifamily Property In Brooklyn For $9.67M With Nick Hovsepian - Corcoran
SOLDMultiFamily

Ariel Shalom Sells Multifamily Property In Brooklyn For $9.67M With Nick Hovsepian - Corcoran

151 Quincy Street, Brooklyn, NY 11216

$9,670,000

$1,126/SF

Building Size

8,582 SF

Asset Type

MultiFamily

Closing

Oct 21, 2021

AI

The multifamily property located at 151 Quincy Street in Brooklyn has been sold. The sale took place on 10/21/2021, with Ariel Shalom acting as the seller. Nick Hovsepian from Corcoran represented the seller in this transaction. The property boasts 10 units, with a sale price of $9,670,000. Each unit has an average price per unit (PPU) of $967,000. The total square footage of the property is 8,582, with a price per square foot (PPSF) of $1,126.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $9,670,000
  • Address: 151 Quincy Street, Brooklyn
  • Market: Brooklyn
  • Seller: Ariel Shalom
  • Broker: Nick Hovsepian - Corcoran
  • Units: 10
  • PPU: $967,000
  • Square Footage: 8,582
  • PPSF: $1,126

Nick Hovsepian from Corcoran played a key role as the seller's broker representative in the transaction, ensuring a successful sale of the multifamily property.

Players

Nick Hovsepian

The Corcoran Group

Broker

$67.8M

vol

9 deals

Broker
Ariel Shalom

Ariel Shalom

Seller

$30.8M

vol

8 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.64%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93