Jason Wisotsky Acquires MultiFamily Property From Burton Cohen In Brooklyn For $1.59M
SOLD
$1,590,000
New York
See Similar DealsMultiFamily6,200 SF
Sold 06/06/2017
SOLD
Jason Wisotsky Acquires MultiFamily Property From Burton Cohen In Brooklyn For $1.59M
620 East 17th St
See Similar DealsMultiFamily6,200 SF
Sold 06/06/2017
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$256
Total Square Footage:6,200 SF
Transaction Type:Sale
The property asset involved in this transaction is a MultiFamily residence located at 620 East 17th St in the Brooklyn market. The property was sold for $1,590,000.00 and has a total square footage of 6200.0.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,590,000.00
- Address: 620 East 17th St
- Market: Brooklyn
- Square Footage: 6200.0
- Buyer: Jason Wisotsky
- Seller: Burton Cohen
- Broker Representatives: Shlomo Antebi - Atlas Realty Group, Daniel Shragaei
The key individuals involved in this deal include buyer Jason Wisotsky and seller Burton Cohen, who successfully facilitated the transfer of ownership. The transaction was represented by Shlomo Antebi of Atlas Realty Group and Daniel Shragaei, underscoring their roles in navigating the deal.
Players
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$84,799.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,648.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,537.41
Annual Debt Service$90,448.93
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