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286 290 Clinton Avenue

Kunal Chothani Of Akelius Acquires MultiFamily Asset From Shlomo Bakhash For $13.3M
SOLDMultiFamily

Kunal Chothani Of Akelius Acquires MultiFamily Asset From Shlomo Bakhash For $13.3M

286 290 Clinton Avenue

$13,300,000

$740/SF

Building Size

17,968 SF

Asset Type

MultiFamily

Closing

Jul 12, 2017

AI

The property asset involved in this transaction is a MultiFamily building located at 286 290 Clinton Avenue in Brooklyn. The transaction was completed for a total price of $13,300,000.00, covering a total square footage of 17,968.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $13,300,000.00
  • Address: 286 290 Clinton Avenue
  • Market: Brooklyn
  • Square Footage: 17,968.0
  • Buyer: Kunal Chothani (Akelius)
  • Seller: Shlomo Bakhash
  • Broker 1: Yosef Katz (Atlas Realty Group)
  • Broker 2: Aron Taub

This transaction highlights the involvement of key individuals such as the buyer Kunal Chothani representing Akelius and seller Shlomo Bakhash. The brokerage representation includes Yosef Katz from Atlas Realty Group, who played a crucial role in facilitating the sale, while Aron Taub was also involved in the deal.

Players

Yosef Katz

Atlas Realty Group

Broker

$1.1B

vol

140 deals

Broker

Kunal Chothani

Akelius

Buyer
Buyer

Shlomo Bakhash

Seller

$13.3M

vol

2 deals

Seller

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

1.19%

Cash-on-Cash

-0.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93