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259 Kosciuszko St, Brooklyn...

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

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

259 Kosciuszko St, Brooklyn, NY 11221, USA

Building Size

2,852 SF

Asset Type

MultiFamily

Closing

Aug 29, 2018

AI

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

Bijou Equities

Broker

$107.3M

vol

33 deals

Broker

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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93