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Eden Ashourzadeh Buys Multifamily Property In Prospect Heights For $2.6M

Property Image
SOLD
$2,600,000
Justin Conway
Haley Hasho
Joey Mohsen

New York

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MultiFamily4,000 SF
Sold 05/15/2024
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Property Image
SOLD

Eden Ashourzadeh Buys Multifamily Property In Prospect Heights For $2.6M

621 Vanderbilt Avenue

See Similar Deals
MultiFamily4,000 SF
Sold 05/15/2024
Justin Conway
Haley Hasho
Joey Mohsen
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$650
Total Square Footage:4,000 SF
Transaction Type:Sale

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:

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.

Players

Haley Hasho
Exodus Capital
Haley Hasho
47 deals$378.2M volume(646) 840-8201
BROKER
Justin Conway
Conway Property Advisors
Justin Conway
23 deals$102.7M volume(646) 466-4827
BROKER
Joey Mohsen
Exodus Capital
Joey Mohsen
9 deals$78.8M volume(646) 380-2747
BROKER

Details

SOLD
IMAGE: Haley Hasho, Joey Mohsen & Justin Conway DATE: 05/15/2024 ADDRESS: 621 Vanderbilt Avenue MARKET: Prospect Heights, Brooklyn ASSET TYPE: Multifamily BUYER: Eden Ashourzadeh (@EdenAshourzadeh) SELLER: James Parker BROKERS: Haley Hasho (@HaleyHasho), Justin Conway (@ConwayKeepsClosing) & Joey Mohsen (@AkJewelryNY) - Exodus Capital (@ExodusCapital.CRE) SALE PRICE: $2,600,000 UNITS: 4 ~ PPU: $650,000 SF: 4,000 ~ PPSF: $650 Heights

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$138,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$9,237.24
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,325.33
Annual Debt Service$147,903.92