Updated Dec 20, 2023
Eden Ashourzadeh Acquires Multi Family Property In Crown Heights For $2M
586 Lincoln Pl, Brooklyn, NY 11216, USA
$2,000,000
$294/SF
Building Size
6,800 SF
Asset Type
MultiFamily
Closing
Aug 30, 2018
About this deal
AI
The multi-family property located at 586 Lincoln Place in Crown Heights, Brooklyn was recently sold for $2,000,000. Spanning 6,800 square feet, the property was acquired by buyer Eden Ashourzadeh from seller Tyrone Lewis. The transaction was facilitated by broker Itanel Rahmani from the agency VCPre. The sale price of $2,000,000 reflects a price per square foot of $294.
Summary of transaction details
- Property Type: Multi Family
- Transaction Amount: $2,000,000
- Square Footage: 6,800
- Price Per Square Foot: $294
- Address: 586 Lincoln Place, Crown Heights, Brooklyn
- Seller: Tyrone Lewis
- Buyer: Eden Ashourzadeh
- Broker: Itanel Rahmani - VCPre
Itanel Rahmani, representing VCPre, played a crucial role in the transaction, ensuring a successful deal between the buyer and seller. The multi-family property's sale price of $2,000,000 and a price per square foot of $294 make this a notable transaction in the Crown Heights market.
Players
New York 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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93