Eddie Soleymani Acquires Multifamily Property In Brooklyn's Bedford-Stuyvesant For $2.6M
SOLD
$2,600,000
New York
See Similar DealsMultiFamily6,600 SF
Sold 04/17/2019
SOLD
Eddie Soleymani Acquires Multifamily Property In Brooklyn's Bedford-Stuyvesant For $2.6M
355 Tompkins Avenue, Brooklyn, NY 11216, USA
See Similar DealsMultiFamily6,600 SF
Sold 04/17/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$393
Total Square Footage:6,600 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$138,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92
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