Gideon Gratsiani Acquires Multifamily Property In Crown Heights For $2.35M
SOLD
$2,350,000
New York
See Similar DealsMultiFamily3,000 SF
Sold 06/22/2022
SOLD
Gideon Gratsiani Acquires Multifamily Property In Crown Heights For $2.35M
294 Albany Avenue, Brooklyn, New York 11213, United States
See Similar DealsMultiFamily3,000 SF
Sold 06/22/2022
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$783
Total Square Footage:3,000 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$125,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$8,349.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,140.20
Annual Debt Service$133,682.39
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