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375 Chauncey St Brooklyn, N...

GD Capital And Gorjian Acquisitions Acquire 6-Unit Multifamily Property On Chauncey Street In NYC For $2.2M
SOLDMultiFamily

GD Capital And Gorjian Acquisitions Acquire 6-Unit Multifamily Property On Chauncey Street In NYC For $2.2M

375 Chauncey St Brooklyn, NY 11233, USA

$2,235,000

$409/SF

Building Size

5,460 SF

Asset Type

MultiFamily

Closing

Jul 14, 2023

AI

A multi-family property located at 375 Chauncey Street in New York City has been sold for a price of $2,235,000. The property consists of 6 units with a price per unit of $372,500. It spans across 5,460 square feet, with a price per square foot of $409.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $2,235,000
  • Address: 375 Chauncey Street, New York City
  • Units: 6
  • Price per Unit: $372,500
  • Square Footage: 5,460
  • Price per Square Foot: $409

The buyer of the property is GD Capital represented by Mark Guindi and Gorjian Acquisitions represented by Joel Gorjian. The seller is Adam Cohen from The Stuyvesant Group. The transaction was facilitated by broker Marcel Fridman from Barcel Group.

Players

Marcel Fridman

Barcel Group

Broker

$456.5M

vol

142 deals

Broker
Adam Cohen

Adam Cohen

Seller

$82.5M

vol

5 deals

Seller

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

7.10%

Cash-on-Cash

-2.03%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93