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2818 Foster Ave

Mark Goodman Purchases Multifamily Building From FBE Limited And 2818 Foster LLC For $4.775M
SOLDMultiFamily

Mark Goodman Purchases Multifamily Building From FBE Limited And 2818 Foster LLC For $4.775M

2818 Foster Ave

$4,775,000

$276/SF

Building Size

17,280 SF

Asset Type

MultiFamily

Closing

Oct 27, 2017

AI

The property asset involved in the transaction is a MultiFamily type located at 2818 Foster Ave in Brooklyn. The transaction was completed for a total price of $4,775,000.00 and encompasses a total square footage of 17,280.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $4,775,000.00
  • Address: 2818 Foster Ave
  • Market: Brooklyn
  • Square Footage: 17,280.0
  • Buyer: Mark Goodman
  • Seller: FBE Limited and 2818 Foster LLC c/o FBE Limited
  • Brokers: Barak Jacobov, Yisroel Pershin

The deal's key individuals include the buyer Mark Goodman and the sellers FBE Limited and 2818 Foster LLC, both represented by FBE Limited. The transaction involved the brokers Barak Jacobov and Yisroel Pershin, facilitating the deal between the two parties.

Players

Yisroel Pershin

GFI Realty Services

Broker

$230M

vol

13 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage

Mark Goodman

Buyer
Buyer

Brooklyn 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

3.32%

Cash-on-Cash

-0.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93