Updated Dec 4, 2024
Eden Ashourzadeh Buys Multifamily Property In Prospect Heights For $2.6M
621 Vanderbilt Avenue
$2,600,000
$650/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
May 15, 2024
About this deal
AI
621 Vanderbilt Avenue in Prospect Heights, Brooklyn, was the site of a recent closed transaction involving a multifamily property. The property, spanning 4,000 square feet and comprising 4 units, was sold for $2,600,000, translating to a price per unit of $650,000 and a price per square foot of $650.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Buyer: Eden Ashourzadeh
- Seller: James Parker
- Brokers: Haley Hasho, Justin Conway & Joey Mohsen - Exodus Capital
The transaction was facilitated by brokers Haley Hasho, Justin Conway, and Joey Mohsen from Exodus Capital, representing the buyer and seller in the deal. Eden Ashourzadeh acquired the property from James Parker in this successful transaction in Prospect Heights.
On the Map
$2,600,000
$650/SF
MultiFamily
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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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93