Paul Grotas Acquires Redhook Multifamily From Elliot Sohayegh & Eden Ashourzadeh
43 Wolcott St, Brooklyn, NY 11231, USA
$1,500,000
$909/SF
Building Size
1,650 SF
Asset Type
MultiFamily
Closing
Aug 25, 2019
AI
The multifamily property located at 43 Wolcott Street in the Redhook market has been sold. The property spans 1,650 square feet and was sold for a total price of $1,500,000. This translates to a price per square foot of $909.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,500,000
- Address: 43 Wolcott Street
- Market: Redhook
The seller of the property was Elliot Sohayegh, along with Eden Ashourzadeh. The buyer, on the other hand, was Paul Grotas. Oren Azzani from Compass represented the seller in the deal.
Players
New York 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93