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Jason Johnson Acquires Multifamily Property In Windsor Terrace For $1.5M

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SOLD
$1,500,000

New York

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MultiFamily1,500 SF
Sold 02/29/2024
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Property Image
SOLD

Jason Johnson Acquires Multifamily Property In Windsor Terrace For $1.5M

603 18th Street

See Similar Deals
MultiFamily1,500 SF
Sold 02/29/2024
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,000
Total Square Footage:1,500 SF
Transaction Type:Sale

The multifamily property located at 603 18th Street in Windsor Terrace, Brooklyn, was sold for $1,500,000. This property consists of 2 units with a total square footage of 1,500, resulting in a price per unit of $750,000 and a price per square foot of $1,000. The sale was brokered by Roni Yaghoobzar from Safdie Realty Group, representing the seller, Lazar Waldman, in the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • Units: 2
  • Square Footage: 1,500
  • Price per Unit: $750,000
  • Price per Square Foot: $1,000
  • Market: Windsor Terrace, Brooklyn
  • Buyer: Jason Johnson

Roni Yaghoobzar from Safdie Realty Group was the broker for the seller in this transaction, managing to secure a sale price that was $50,000 over the initial asking price of $1,450,000. Despite the property being occupied by two paying tenants, the deal was successfully closed with a higher sale price.

Players

Roni Yaghoobzar
15 deals$25.8M volume
BROKER

Details

SOLD
IMAGE: Roni Yaghoobzar DATE: 02/29/2024 ADDRESS: 603 18th Street MARKET: Windsor Terrace, Brooklyn ASSET TYPE: Multifamily BUYER: Jason Johnson SELLER: Lazar Waldman BROKER: Roni Yaghoobzar - Safdie Realty Group (@Safdie_Realty_Group) ASKING PRICE: $1,450,000 SALE PRICE: $1,500,000 UNITS: 2 ~ PPU: $750,000 SF: 1,500 ~ PPSF: $1,000 NOTE FROM BROKER: Safdie Realty Group successfully represented the seller on this transaction acquiring $50,000 over ask although the property was occupied with two paying tenants ($6,850). If you have a similar property or would like to connect for more upcoming opportunities please reach out directly: Roni Yaghoobzar [email protected]

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$5,329.19
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