Jonny Rahimi & Shlomo Ben Nasser Purchase Multifamily Property In Brooklyn For $3.125M
476 Gates Avenue
$3,125,000
$641/SF
Building Size
4,870 SF
Asset Type
MultiFamily
Closing
May 28, 2024
AI
The multifamily property located at 476 Gates Avenue in Bedford-Stuyvesant, Brooklyn, was sold for $3,125,000. The property consists of 7 units with a total square footage of 4,870, resulting in a price per unit of $446,429 and a price per square foot of $642.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,125,000
- Address: 476 Gates Avenue
- Market: Bedford-Stuyvesant, Brooklyn
- Units: 7
- Square Footage: 4,870
- Price Per Unit: $446,429
- Price Per Square Foot: $642
Roni Yaghoobzar from Safdie Realty Group played a crucial role in facilitating the transaction, representing both the seller, Theo Feldheim, and the buyers, Jonny Rahimi and Shlomo Ben Nasser. For further inquiries regarding similar properties or upcoming opportunities, Roni Yaghoobzar can be reached directly at [email protected].
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.08%
Cash-on-Cash
-1.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93