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Ilias Theodoropoulos Acquires Multifamily Asset In Brooklyn From Allen Gross For $1.5M

Property Image
SOLD
$1,500,000
Shlomo Antebi
Natan Safdieh
+ 2

New York

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MultiFamily5,475 SF
Sold 10/30/2019
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Property Image
SOLD

Ilias Theodoropoulos Acquires Multifamily Asset In Brooklyn From Allen Gross For $1.5M

556 82nd Street

See Similar Deals
MultiFamily5,475 SF
Sold 10/30/2019
Shlomo Antebi
Natan Safdieh
+ 2
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$274
Total Square Footage:5,475 SF
Transaction Type:Sale

The property asset involved in this transaction is a multifamily building located at 556 82nd Street in the Brooklyn market. The sale price of this property was $1,500,000.00, and it has a total square footage of 5,475.0.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,500,000.00
  • Address: 556 82nd Street
  • Market: Brooklyn
  • Square Footage: 5,475.0
  • Buyer: Ilias Theodoropoulos
  • Seller: Allen Gross (GFI Capital Group)
  • Broker Representatives: Natan Safdieh (Atlas Realty Group), Shlomo Antebi (Atlas Realty Group), Yosef Katz (Atlas Realty Group)

The deal featured Ilias Theodoropoulos as the buyer and Allen Gross representing GFI Capital Group as the seller. The transaction was facilitated by three broker representatives from Atlas Realty Group: Natan Safdieh, Shlomo Antebi, and Yosef Katz, who played key roles in the negotiation and completion of the sale.

Players

Natan Safdieh
22 deals$113.5M volume
BROKER

Yosef Katz
Atlas Realty Group
133 deals$1.1B volume
BROKER

Shlomo Antebi
Atlas Realty Group
138 deals$1B volume
BROKER


Allen Gross
5 deals$191.1M volume
SELLER

Details

SOLD
IMAGE: 10/30/2019 ADDRESS: 556 82nd Street MARKET: Brooklyn ASSET TYPE: MultiFamily BROKERS: Natan Safdieh(Atlas Realty Group), Shlomo Antebi(Atlas Realty Group), Yosef Katz(Atlas Realty Group) BUYER: Ilias Theodoropoulos SELLER: Allen Gross(GFI Capital Group) PRICE: $1,500,000.00 SF: 5475.0

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$79,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18