Mark Levin And Jake Soodek Acquire Multi Family Property On Menahan Street For $1M
SOLD
$1,000,000
New York
See Similar DealsMultiFamily4,875 SF
Sold 08/21/18
SOLD
Mark Levin And Jake Soodek Acquire Multi Family Property On Menahan Street For $1M
315 Menahan St, Brooklyn, NY 11237, USA
See Similar DealsMultiFamily4,875 SF
Sold 08/21/18
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$205
Total Square Footage:4,875 SF
Transaction Type:Sale
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
BUYER
LENDER
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$53,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,552.80
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,740.51
Annual Debt Service$56,886.12
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