Updated Apr 9, 2025
Jack Cohen Purchases MultiFamily Property From Adam Gelb & Murray Gelb In Brooklyn For $4.5M
347 Pacific St
$4,500,000
$782/SF
Building Size
5,751 SF
Asset Type
MultiFamily
Closing
Oct 18, 2018
About this deal
AI
The property asset involved in this transaction is a MultiFamily unit located at 347 Pacific St in Brooklyn. The transaction was concluded with a price of $4,500,000.00 and encompasses a total square footage of 5,751.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,500,000.00
- Address: 347 Pacific St
- Market: Brooklyn
- Square Footage: 5,751.0
- Buyer: Jack Cohen
- Seller: Adam Gelb & Murray Gelb
- Broker: Shlomo Antebi - Atlas Realty Group
This transaction involved key individuals including buyer Jack Cohen who was represented by his broker, and sellers Adam Gelb & Murray Gelb, who were also assisted by their respective broker. The broker for this deal was Shlomo Antebi from Atlas Realty Group, facilitating the buyer and seller throughout the transaction process.
On the Map
$4,500,000
$782/SF
MultiFamily
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Players
Brooklyn 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
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93