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
New York 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
1.64%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93