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Phil Caccitore Acquires MultiFamily Property From Klosed Properties In Brooklyn For $3.736M

Property Image
SOLD
$3,736,000
Shawn Sadaghati
SP

New York

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MultiFamily4,068 SF
Sold 11/27/2017
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Property Image
SOLD

Phil Caccitore Acquires MultiFamily Property From Klosed Properties In Brooklyn For $3.736M

337 18th Street

See Similar Deals
MultiFamily4,068 SF
Sold 11/27/2017
Shawn Sadaghati
SP
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$918
Total Square Footage:4,068 SF
Transaction Type:Sale

The property asset involved in this transaction is a MultiFamily asset located at 337 18th Street, Brooklyn. It was sold for a total amount of $3,736,000.00 and encompasses a total square footage of 4,068.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $3,736,000.00
  • Address: 337 18th Street
  • Market: Brooklyn
  • Square Footage: 4,068.0
  • Buyer: Phil Caccitore
  • Seller: Klosed Properties
  • Broker Representatives: Shawn Sadaghtai, Shulem Paneth (GFI Realty Services)

This transaction highlights the collaborative efforts of the brokers involved, specifically Shawn Sadaghtai and Shulem Paneth, who represented the buyer and seller respectively in this deal. Their roles contributed to the facilitation of the transaction between Phil Caccitore and Klosed Properties.

Players

Shawn Sadaghati
GFI Realty Services
Shawn Sadaghati
6 deals$48.8M volume
BROKER
SP
GFI Realty Services
Shulem Paneth
4 deals$14.9M volume(212) 837-4559
BROKER
Klosed Properties
Klosed Properties
SELLER

Details

SOLD
IMAGE: 11/27/2017 ADDRESS: 337 18th Street MARKET: Brooklyn ASSET TYPE: MultiFamily BROKERS: Shawn Sadaghtai(), Shulem Paneth(GFI Realty Services) BUYER: Phil Caccitore SELLER: Klosed Properties PRICE: $3,736,000.00 SF: 4068.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$199,253.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$13,273.23
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,710.55
Annual Debt Service$212,526.55