Updated Dec 19, 2023
Gideon Gratsiani Acquires Multifamily Property In Crown Heights For $2.35M
294 Albany Avenue, Brooklyn, New York 11213, United States
$2,350,000
$783/SF
Building Size
3,000 SF
Asset Type
MultiFamily
Closing
Jun 21, 2022
About this deal
AI
A multifamily property located at 294 Albany Ave in Crown Heights has been sold in a recent transaction. The property consists of a total of 3 units with a square footage of approximately 3,000. The sale price for this property was $2,350,000, resulting in a price per unit of $783,333 and a price per square foot of $783.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,350,000
- Address: 294 Albany Ave
- Market: Crown Heights
The buyer of this property was Gideon Gratsiani, while the seller was Nahum Bensason. The seller's representatives in this transaction were Lorenzo Belpassi and Joshua Golan.
On the Map
$2,350,000
$783/SF
MultiFamily
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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
6.75%
Cash-on-Cash
-1.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93