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355 Tompkins Avenue, Brookl...

Eddie Soleymani Acquires Multifamily Property In Brooklyn's Bedford-Stuyvesant For $2.6M
SOLDMultiFamily

Eddie Soleymani Acquires Multifamily Property In Brooklyn's Bedford-Stuyvesant For $2.6M

355 Tompkins Avenue, Brooklyn, NY 11216, USA

$2,600,000

$393/SF

Building Size

6,600 SF

Asset Type

MultiFamily

Closing

Apr 16, 2019

AI

The multifamily property located at 355 Tompkins Avenue in Brooklyn, Bedford-Stuyvesant has been sold for a price of $2,600,000. The property spans 6,600 square feet and has a price per square foot of $393. The transaction took place on 04/17/2019 and was facilitated by brokers Shaun Riney and Dan Greenblatt from Marcus & Millichap.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $2,600,000
  • Address: 355 Tompkins Avenue
  • Market: Brooklyn, Bedford-Stuyvesant
  • Square Footage: 6,600
  • Price Per Square Foot: $393
  • Seller: Eric Mann
  • Buyer: Eddie Soleymani
  • Brokers: Shaun Riney, Dan Greenblatt - Marcus & Millichap

The sale of this property highlights the successful transaction between seller Eric Mann and buyer Eddie Soleymani. Shaun Riney and Dan Greenblatt, representing Marcus & Millichap, played a key role as brokers in facilitating the deal.

Players

Daniel Greenblatt

Marcus & Millichap

Broker

$263.4M

vol

69 deals

Broker
Shaun Riney
Verified Badge

Shaun Riney

Marcus & Millichap

Broker

$1.8B

vol

358 deals

Broker

Eddie Soleymani

Buyer

$7.7M

vol

2 deals

Buyer

Eric Mann

Mann Group

Seller

$78.4M

vol

12 deals

Seller

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

6.10%

Cash-on-Cash

-1.74%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93