Paul Grotas Acquires Redhook Multifamily From Elliot Sohayegh & Eden Ashourzadeh
SOLD
$1,500,000
New York
See Similar DealsMultiFamily1,650 SF
Sold 08/26/2019
SOLD
Paul Grotas Acquires Redhook Multifamily From Elliot Sohayegh & Eden Ashourzadeh
43 Wolcott St, Brooklyn, NY 11231, USA
See Similar DealsMultiFamily1,650 SF
Sold 08/26/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$909
Total Square Footage:1,650 SF
Transaction Type:Sale
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
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
Is there something missing? Send suggestions