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527 Chauncey Street, Brookl...

Joseph Jemal Sells Multifamily Property In Ocean Hill For $1.1M
SOLDMultiFamily

Joseph Jemal Sells Multifamily Property In Ocean Hill For $1.1M

527 Chauncey Street, Brooklyn, New York 11233, United States

$1,100,000

$403/SF

Building Size

2,727 SF

Asset Type

MultiFamily

Closing

May 25, 2022

AI

A multifamily property in Ocean Hill has been sold for $1,100,000. The property, located at 527 Chauncey St., spans 2,727 square feet. The price per square foot for this transaction is $403.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Address: 527 Chauncey St.
  • Market: Ocean Hill

The seller of the property is Joseph Jemal. Alpha Realty represented the seller, with Lev Mavashev and Eli Yusupov acting as the brokers in the deal.

Players

Lev Mavashev

Alpha Realty

Broker

$742M

vol

106 deals

Broker
Joseph L. Jemal

Joseph L. Jemal

ICER Properties

Seller

$598.7M

vol

36 deals

Seller

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93