Updated Oct 29, 2024
Jeff Khadavi And Andrew Rafii Acquire Multi Family Property In Bed-Stuy/Brooklyn For $2.6M
471 Chauncey St, Brooklyn, NY 11233, USA
$2,625,000
$232/SF
Building Size
11,315 SF
Asset Type
MultiFamily
Closing
Sep 13, 2018
About this deal
AI
The multifamily property at 471 Chauncey Street and 475 Chauncey Street in Bed-Stuy, Brooklyn has been sold for a price of $2,625,000. The property spans a total of 11,315 square feet.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,625,000
- Address: 471 Chauncey Street, 475 Chauncey Street
- Market: Bed-Stuy/Brooklyn
Horizon Real Estate Partners, represented by Jeff Khadavi and Andrew Rafii, acquired the property from the seller, Gilman Management Corporation. The deal was facilitated by brokers Josh Sabzevari, Bryan Kirk, and DJ Johnston formerly of CushWake.
On the Map
$2,625,000
$232/SF
MultiFamily
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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
6.04%
Cash-on-Cash
-1.73%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93