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568 82nd St

Murray Gelb And Adam Gelb Acquire Multifamily Property In Brooklyn For $1.675M
SOLDMultiFamily

Murray Gelb And Adam Gelb Acquire Multifamily Property In Brooklyn For $1.675M

568 82nd St

$1,675,000

$305/SF

Building Size

5,475 SF

Asset Type

MultiFamily

Closing

Aug 22, 2017

AI

The asset involved in this transaction is a MultiFamily property located at 568 82nd St in Brooklyn. It was sold for $1,675,000.00 and comprises a total area of 5,475 square feet.

Summary of transaction details:

  • Property Type: MultiFamily
  • Transaction Amount: $1,675,000.00
  • Address: 568 82nd St
  • Market: Brooklyn
  • Square Footage: 5,475.0
  • Buyer: Murray Gelb and Adam Gelb
  • Seller: Emad Hamdan
  • Broker Representatives: Shlomo Antebi (Atlas Realty Group), Yosef Katz (Atlas Realty Group)

The deal features key individuals including buyers Murray Gelb and Adam Gelb, alongside the seller Emad Hamdan. The representatives from Atlas Realty Group, Shlomo Antebi and Yosef Katz, facilitated the transaction, indicating their active role in the negotiation and closing process.

Players

Yosef Katz

Atlas Realty Group

Broker

$1.1B

vol

138 deals

Broker

Adam Gelb

Buyer

$2.4M

vol

1 deal

Buyer

Emad Hamdan

Seller

$6.1M

vol

3 deals

Seller

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

9.47%

Cash-on-Cash

-2.71%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93