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
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