Grand Ave Suite LLC Acquires Property At 417 Grand Ave Brooklyn For $3.5M With Hen Vaknin As Buyer's Rep
417 Grand Ave, Brooklyn, NY, 11238
$3,500,000
$437/SF
Building Size
8,000 SF
Asset Type
MultiFamily
Closing
Nov 20, 2023
AI
The transaction involves a property located at 417 Grand Ave, Brooklyn, NY, 11238, with a total price of $3,500,000.00 and a square footage of 8000. The property is situated in the Brooklyn market.
Summary of transaction details:
- Property Type: Sale
- Transaction Amount: $3,500,000.00
- Square Footage: 8000
- Address: 417 Grand Ave, Brooklyn, NY, 11238
- Market: Brooklyn
- Buyer: Grand Ave Suite LLC
- Seller: 411 Grand Ave LLC
- Buyer's Representative: Hen Vaknin
Hen Vaknin represents the buyer, Grand Ave Suite LLC, in this transaction with the seller being 411 Grand Ave LLC. The involvement of these parties indicates a structured agreement in the sale of the property.
Players
Brooklyn 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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93