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

Property Image
SOLD
$4,775,000

New York

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MultiFamily17,280 SF
Sold 10/27/2017
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Property Image
SOLD

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

2818 Foster Ave

See Similar Deals
MultiFamily17,280 SF
Sold 10/27/2017
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$276
Total Square Footage:17,280 SF
Transaction Type:Sale

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
13 deals$230M volume
BROKER

Barak Jacobov
GFI Realty Services
4 deals$152.6M volume(212) 837-4523
BROKER

SELLER

Details

SOLD
IMAGE: 10/27/2017 ADDRESS: 2818 Foster Ave MARKET: Brooklyn ASSET TYPE: MultiFamily BROKERS: Barak Jacobov(), Yisroel Pershin() BUYER: Mark Goodman SELLER: FBE Limited and 2818 Foster LLC c/o FBE Limited PRICE: $4,775,000.00 SF: 17280.0

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

$254,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$16,964.57
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,635.94
Annual Debt Service$271,631.23