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556 82nd Street

Updated Oct 19, 2026

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

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

556 82nd Street

$1,500,000

$274/SF

Building Size

5,475 SF

Asset Type

MultiFamily

Closing

Oct 30, 2019

About this deal

AI

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:

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.

On the Map

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$1,500,000

$274/SF

MultiFamily

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Players

Natan Safdieh

Atlas Realty Group

Broker

$113.5M

vol

22 deals

Broker

Ilias Theodoropoulos

Buyer

$33.9M

vol

4 deals

Buyer
Allen Gross

Allen Gross

GFI Capital

Seller

$223.3M

vol

6 deals

Seller
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $274 per square foot on a published $1.5M for 5,475 square feet (2019).

Visit Yosef Katz to view all their deals.

Browse Brooklyn multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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