Parkview Properties Acquires Multifamily Property In Brooklyn From Williams Joseph For $900,000
303 Pulaski Street, Brooklyn, NY 11206
$900,000
$340/SF
Building Size
2,644 SF
Asset Type
MultiFamily
Closing
Jun 2, 2020
AI
A multifamily property located at 303 Pulaski Street in Brooklyn has recently been sold. The property was sold on 06/02/2021. The buyer of the property is Parkview Properties, while the seller is Williams Joseph. The transaction was facilitated by Jonathan Loloi and Richard Nassimi from The Nassimi Group, who represented the buyer. The property was listed for an asking price of $1,200,000, and it was eventually sold for $900,000. The property spans across 2,644 square feet, resulting in a price per square foot of $340.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $900,000
- Address: 303 Pulaski Street, Brooklyn
- Market: Brooklyn
- Buyer: Parkview Properties
- Seller: Williams Joseph
- Buyer's Representative: Jonathan Loloi & Richard Nassimi from The Nassimi Group
- Asking Price: $1,200,000
- Square Footage: 2,644
- Price per Square Foot: $340
The Nassimi Group, specifically Jonathan Loloi, is actively looking to acquire mixed-use and multifamily assets in Manhattan and all the boroughs. For potential deals or inquiries, please send them to Jonathan Loloi at [email protected].
Players
New York 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
17.63%
Cash-on-Cash
-5.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93