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Jerry Resnick Acquires Multifamily Property In Brooklyn For $1.66M

Property Image
SOLD
$1,662,500
JR
JE

New York

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MultiFamily36,000 SF
Sold 06/07/2019
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Property Image
SOLD

Jerry Resnick Acquires Multifamily Property In Brooklyn For $1.66M

395 Kosciuszko St, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily36,000 SF
Sold 06/07/2019
JR
JE
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$46
Total Square Footage:36,000 SF
Transaction Type:Sale

A multifamily property located at 395 Kosciuszko St in Brooklyn, Bedford-Stuyvesant, has been sold for $1,662,500. The property spans 3,600 square feet, resulting in a price per square foot of $461.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,662,500
  • Address: 395 Kosciuszko St
  • Market: Brooklyn, Bedford-Stuyvesant
  • Square Footage: 3,600
  • Price Per Square Foot: $461

The seller of the property was Joseph Esrail, and the buyer was Jerry Resnick. The buyer was represented by Shay Zach, while the seller was represented by Nathan Hourizadeh.

Players

JR
Jerry Resnick
2 deals$4.3M volume
BUYER
JE
Joseph Esrail
2 deals$7.2M volume
SELLER

Details

SOLD
IMAGE: Nathan Hourizadeh & Shay Zach DATE: 06/07/2019 ADDRESS: 395 Kosciuszko St MARKET: Brooklyn, Bedford-Stuyvesant ASSET TYPE: Multifamily SALE PRICE: $1,662,500 SF: 3,600 PPSF: $461 SELLER: Joseph Esrail BUYER: Jerry Resnick BUYER’S REP: Shay Zach (@drakonwiz) SELLER’S REP: Nathan Hourizadeh (@nate500)

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$88,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,906.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,881.10
Annual Debt Service$94,573.18