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43 Wolcott St, Brooklyn, NY...

Paul Grotas Acquires Redhook Multifamily From Elliot Sohayegh & Eden Ashourzadeh
SOLDMultiFamily

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

Oren Azzani

Broker

$5M

vol

2 deals

Broker

Eden Ashourzadeh

Seller

$116.7M

vol

37 deals

Seller

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