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337 18th Street

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

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

337 18th Street

$3,736,000

$918/SF

Building Size

4,068 SF

Asset Type

MultiFamily

Closing

Nov 27, 2017

AI

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

Broker

$48.8M

vol

6 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage

Phil Caccitore

Buyer
Buyer
Klosed Properties
Klosed PropertiesSeller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.25%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93