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426 Chauncey Street

Joseph Aghelian Purchases Multifamily Property At 426 Chauncey Street Brooklyn For $1.38M
SOLDMultiFamily

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:

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

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker

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