Joseph Aghelian Purchases Multifamily Property At 426 Chauncey Street Brooklyn For $1.38M
426 Chauncey Street
$1,380,000
$440/SF
Building Size
3,135 SF
Asset Type
MultiFamily
Closing
Dec 27, 2024
AI
The property asset involved in this transaction is a multifamily building located at 426 Chauncey Street in the Brooklyn market. The sale price was $1,380,000, and the property covers an area of 3,135 square feet, translating to $440 per square foot.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,380,000
- Address: 426 Chauncey Street
- Market: Brooklyn
- Square Footage: 3,135
- Price Per Square Foot: $440
- Buyer: Joseph Aghelian
- Seller: Uri Koptiev
- Broker Representatives: Lev Mavashev, Ben Normatov & Eli Yusupov - Alpha Realty
This transaction was facilitated by Lev Mavashev, Ben Normatov, and Eli Yusupov, who represented the seller, Uri Koptiev, through Alpha Realty. The negotiation and closing of this deal involved key contributions from the broker's team, ensuring a successful transaction between the involved parties.
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
11.49%
Cash-on-Cash
-3.29%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93