Grand Ave Suite LLC Acquires Property At 417 Grand Ave Brooklyn For $3.5M With Hen Vaknin As Buyer's Rep
SOLD
$3,500,000
New York
See Similar DealsMultiFamily8,000 SF
SOLD
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
See Similar DealsMultiFamily8,000 SF
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$437
Total Square Footage:8,000 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$186,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$12,434.75
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,591.79
Annual Debt Service$199,101.43
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