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476 Gates Avenue

Jonny Rahimi & Shlomo Ben Nasser Purchase Multifamily Property In Brooklyn For $3.125M
SOLDMultiFamily

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].

Players

Roni Yaghoobzar

Safdie Realty Group

Broker

$25.8M

vol

15 deals

Broker

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

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93