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Asaf Sternberg & Kfir Markovich Acquire Multifamily Property In Brooklyn For $2M

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SOLD

New York

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MultiFamily2,852 SF
Sold
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Property Image
SOLD

Asaf Sternberg & Kfir Markovich Acquire Multifamily Property In Brooklyn For $2M

259 Kosciuszko St, Brooklyn, NY 11221, USA

See Similar Deals
MultiFamily2,852 SF
Sold
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$0
Total Square Footage:2,852 SF
Transaction Type:Sale

The multifamily property located at 259 Kosciuszko Street in Brooklyn, specifically in the Bedford-Stuyvesant neighborhood, was recently sold. The property was purchased for a total price of $2,000,000 with a price per square foot (PPSF) of $562. The capitalization rate (cap rate) for the property is 5.5%.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,000,000
  • Price per Square Foot (PPSF): $562
  • Cap Rate: 5.5%
  • Buyers: Asaf Sternberg & Kfir Markovich
  • Seller: Extreme Homes – Yaniv Nasimi, Eyal Ovadia
  • Broker: TerraCRG – Matt Cosentino, Fred Bijou, Eric Satanovsky

The deal was facilitated by the real estate brokerage firm TerraCRG, with Matt Cosentino, Fred Bijou, and Eric Satanovsky representing the parties involved.

Players

Fred Bijou
33 deals$107.3M volume(917) 626-8413
BROKER

Eric Satanovsky
Commercial Acquisitions
9 deals$6.9M volume
BROKER

Matthew (Matt) Cosentino
Terra CRG
81 deals$319M volume
BROKER

Details

SOLD
IMAGE: Eric Satanovsky, Matt Cosentino and Fred Bijou DATE: 8/30/18 ADDRESS: 259 Kosciuszko Street CITY: Brooklyn NEIGHBORHOOD: Bedford-Stuyvesant ASSET TYPE: Multifamily PRICE: $2,000,000 PPSF: $562 Cap Rate: 5.5% Buyers: Asaf Sternberg & Kfir Markovich Seller: Extreme Homes – Yaniv Nasimi, Eyal Ovadia Broker: TerraCRG – Matt Cosentino, Fred Bijou, Eric Satanovsky

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

$0.00

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)$0.00
Cash-on-Cash Return0.00%
Monthly Debt Service$0.00
Annual Debt Service$0.00