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
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
9.47%
Cash-on-Cash
-2.71%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93