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620 East 17th St

Jason Wisotsky Acquires MultiFamily Property From Burton Cohen In Brooklyn For $1.59M
SOLDMultiFamily

Jason Wisotsky Acquires MultiFamily Property From Burton Cohen In Brooklyn For $1.59M

620 East 17th St

$1,590,000

$256/SF

Building Size

6,200 SF

Asset Type

MultiFamily

Closing

Jun 6, 2017

AI

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

Shlomo Antebi

Atlas Realty Group

Broker

$1B

vol

139 deals

Broker

Jason Wisotsky

Buyer

$144.3M

vol

11 deals

Buyer

Burton Cohen

Seller
Seller

Brooklyn 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

9.98%

Cash-on-Cash

-2.85%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93