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471 Chauncey St, Brooklyn, ...

Jeff Khadavi And Andrew Rafii Acquire Multi Family Property In Bed-Stuy/Brooklyn For $2.6M
SOLDMultiFamily

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

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.

Players

Bryan Kirk

Matthews

Broker

$113.8M

vol

24 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

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

6.04%

Cash-on-Cash

-1.73%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93