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315 Menahan St, Brooklyn, N...

Mark Levin And Jake Soodek Acquire Multi Family Property On Menahan Street For $1M
SOLDMultiFamily

Mark Levin And Jake Soodek Acquire Multi Family Property On Menahan Street For $1M

315 Menahan St, Brooklyn, NY 11237, USA

$1,000,000

$205/SF

Building Size

4,875 SF

Asset Type

MultiFamily

Closing

Aug 21, 1918

AI

Located at 315 Menahan Street in Bushwick, Brooklyn, this multi-family property recently closed in a transaction for $1,000,000. The asset spans a total of 4,875 square feet.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $1,000,000
  • Address: 315 Menahan Street, Bushwick, Brooklyn
  • Market: New York

The seller of this property was Juan Galardo. On the buyer's side, Mark Levin, Jake Soodek, and Hirshmark Capital were involved in the deal. Daniel Hakimian represented the buyer and the Highcap Group served as the brokerage firm.

Players

Daniel Hakimian

HPNY

Broker

$15.9M

vol

5 deals

Broker
Jake Soodek

Jake Soodek

Hirshmark Capital

Buyer

$208.8M

vol

35 deals

Buyer
Hirshmark Capital
Hirshmark CapitalBuyer
Hirshmark Capital
Hirshmark CapitalLender

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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93