Sean Mashihi Acquires Multi-Family Property In Williamsburg, Brooklyn For $1.8M
338 Manhattan Ave, Brooklyn, NY 11211, USA
Building Size
3,750 SF
Asset Type
MultiFamily
Closing
May 29, 2018
AI
The property located at 338 Manhattan Avenue in Williamsburg, Brooklyn, has been sold in a recent closed transaction. The multi-family asset spans across 3,750 square feet and consists of six units. The transaction took place on May 30, 2018, with a selling price of $1,800,000.
Summary of transaction details
- Property Type: Multi-family
- Transaction Amount: $1,800,000
- Square Footage: 3,750 sq ft
- Address: 338 Manhattan Avenue, Williamsburg, Brooklyn
- Market: New York
The seller of the property was the Vitolo family. The buyer, Sean Mashihi, successfully completed the purchase. The transaction was facilitated by broker Robert Shamash, who represented the buyer in the deal. Robert Shamash is associated with Shampoint Capital and can be contacted via email at [email protected].
Players
New York 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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93