Updated Mar 11, 2025
Shlomi Heiav Purchases Multifamily Property At 554 Georgia Avenue Brooklyn For $1.1M
554 Georgia Avenue
$1,100,000
$323/SF
Building Size
3,400 SF
Asset Type
MultiFamily
Closing
Feb 28, 2025
About this deal
AI
The property asset involved in this transaction is a multifamily unit located at 554 Georgia Avenue in Brooklyn. The sale price for this asset was $1,100,000, comprising 4 units. The building spans a total square footage of 3,400, resulting in a price per unit of $275,000 and a price per square foot of $323.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Units: 4
- Square Footage: 3,400
- Price per Unit: $275,000
- Price per Square Foot: $323
- Buyer: Shlomi Heiav
- Seller: Georgia & Yossi Azour - A2Z Corp
In this transaction, the buyer is represented by Shlomi Heiav, while the sellers, Georgia & Yossi Azour, are associated with A2Z Corp. The seller has expressed interest in acquiring various types of distressed properties, providing a contact number for further inquiries at 212-6710000.
On the Map
$1,100,000
$323/SF
MultiFamily
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Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93