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527 Chauncey Street, Brookl...

Updated Oct 25, 2024

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

About this deal

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.

The multifamily sale at 527 Chauncey Street, Brooklyn, New York 11233, United States in New York, New York sold for $1.1M in 2022. The building is 2,727 square feet, implying about 403 per square foot on the published price. Eli Yusupov, Lev Mavashev, Joseph L. Jemal, Alpha Realty appear on the sale alongside Alpha Realty. This page is the New York, New York file for the 527 Chauncey Street, Brooklyn, New York 11233, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same New York sit in the Market section below. Filter that New York multifamily set by closing date to see what else sold near 527 Chauncey Street, Brooklyn, New York 11233, United States around 2022. Published consideration for 527 Chauncey Street, Brooklyn, New York 11233, United States is $1.1M, dated 2022. Cite this Joseph Jemal Sells Multifamily Property In Ocean Hill For $1.1M sale when underwriting similar multifamily product around New York, New York.

Players

Lev Mavashev

Alpha Realty

Broker

$751.3M

vol

107 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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Deal FAQ

About $403 per square foot on a published $1.1M for 2,727 square feet (2022).

Visit Eli Yusupov to view all their deals.

Browse New York multifamily sales on Traded.

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

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