facebook
Traded Co logo
Submit

Yitzchok Katz Acquires Multifamily & Mixed-use Property In Downtown Brooklyn For $25.5M

Property Image
SOLD
$25,500,000

New York

See Similar Deals
MultiFamily40,447 SF
Sold 08/25/2022
the dealplayerscompscontact
Property Image
SOLD

Yitzchok Katz Acquires Multifamily & Mixed-use Property In Downtown Brooklyn For $25.5M

364 Livingston Street, Brooklyn, New York 11217, United States

See Similar Deals
MultiFamily40,447 SF
Sold 08/25/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$630
Total Square Footage:40,447 SF
Transaction Type:Sale

The asset involved in this transaction is a multifamily and mixed-use property located at 364 Livingston Street & 60 Flatbush Avenue in the Downtown Brooklyn market. The sale was finalized at a price of $25,500,000, comprising 22 units and encompassing a total square footage of 40,447, resulting in a price per unit of $1,159,090 and a price per square foot of $630.

Summary of transaction details:

  • Property Type: Multifamily & Mixed-use
  • Transaction Amount: $25,500,000
  • Units: 22
  • Price per Unit: $1,159,090
  • Square Footage: 40,447
  • Price per Square Foot: $630
  • Buyer: Yitzchok Katz
  • Seller: ISJ Management, Jemstone Group - Joseph I. Jemal & Billy Shalom
  • Date of Sale: 08/25/2022

Key individuals involved in the transaction include the buyer Yitzchok Katz and the sellers Joseph I. Jemal and Billy Shalom, representing ISJ Management and Jemstone Group. These parties played integral roles in the completion of the sale, ensuring a successful transaction.

Players

10 deals$718.7M volume
BROKER

Yitzchok Katz
10 deals$718.7M volume
BUYER

Details

SOLD
IMAGE: Joseph I. Jemal DATE: 08/25/2022 ADDRESS: 364 Livingston Street & 60 Flatbush Avenue MARKET: Downtown Brooklyn ASSET TYPE: Multifamily & Mixed-use BUYER: Yitzchok Katz SELLER: ISJ Management, Jemstone Group (@TheJemstoneGroup) - Joseph I. Jemal (@JoeJemal) & Billy Shalom SALE PRICE: $25,500,000 UNITS: 22 ~ PPU: $1,159,090 SF: 40,447 ~ PPSF: $630

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,360,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$90,596.11
Cash-on-Cash Return-1.27%
Monthly Debt Service$120,883.01
Annual Debt Service$1,450,596.11