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
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