Updated Dec 18, 2023
Moshe Khoshkheraman Acquires Multifamily Property In Brooklyn Heights For $5.1M
308 Hicks Street, Brooklyn, New York 11201, United States
$5,100,000
$706/SF
Building Size
7,220 SF
Asset Type
MultiFamily
Closing
Jul 12, 2022
About this deal
AI
The multifamily property located at 308 Hicks Street in Brooklyn Heights was recently sold. The transaction took place on July 13, 2022.
Summary of Transaction Details:
- Property Type: Multifamily
- Sale Price: $5,100,000
- Number of Units: 9
- Price per Unit: $566,666
- Total Square Footage: 7,220
- Price per Square Foot: $706
- Market: Brooklyn Heights
The buyer of the property is Moshe Khoshkheraman, while the seller is Richard Talmadge.
Note: No additional information about the buyer, seller, or the transaction was provided.
The multifamily sale at 308 Hicks Street, Brooklyn, New York 11201, United States in New York, New York sold for $5.1M in 2022. Reported inventory is 7,220 square feet across 9 units, or about 706 per square foot. Named participants on the 308 Hicks Street, Brooklyn, New York 11201, United States sale are Moshe Khoshkheraman. This page is the New York, New York file for the 308 Hicks Street, Brooklyn, New York 11201, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 308 Hicks Street, Brooklyn, New York 11201, United States around 2022. Published consideration for 308 Hicks Street, Brooklyn, New York 11201, United States is $5.1M, dated 2022. Cite this Moshe Khoshkheraman Acquires Multifamily Property In Brooklyn Heights For $5.1M sale when underwriting similar multifamily product around New York, New York.
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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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93