Zev Marmurstein Acquires Multifamily Property In New York City For $4.9M
2818 Foster Ave, Brooklyn, NY 11210, USA
Building Size
17,270 SF
Asset Type
MultiFamily
Closing
Oct 26, 2017
AI
The multifamily property located at 2818-2120 Foster Avenue in New York City has been sold for $4,900,000. Spanning across a total square footage of 17,270, the property was traded at a price per square foot of $283.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Square Footage: 17,270
- Price per Square Foot: $283
- Seller: Frederic Wedin
- Buyer: Zev Marmurstein
The transaction was facilitated by Michael Cleeman and Zachary Hering of Cleeman Realty Group LLC, who represented both the buyer and seller in the deal.
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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93