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338 Manhattan Ave, Brooklyn...

Sean Mashihi Acquires Multi-Family Property In Williamsburg, Brooklyn For $1.8M
SOLDMultiFamily

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

Robert Shamash

Broker

$2.8M

vol

4 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93