Ariel Shalom Acquires Multifamily Property In Brooklyn For $1.1M
SOLD
New York
See Similar DealsMultiFamily2,932 SF
Sold 12/20/2020
SOLD
Ariel Shalom Acquires Multifamily Property In Brooklyn For $1.1M
637 Quincy Street, Brooklyn, NY, USA
See Similar DealsMultiFamily2,932 SF
Sold 12/20/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$375
Total Square Footage:2,932 SF
Transaction Type:Sale
A multifamily property located at 637 Quincy Street in Brooklyn was recently sold for $1,100,000. The property spans 2,932 square feet, resulting in a price per square foot of $375. The transaction took place on December 20, 2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 637 Quincy Street
- Market: Brooklyn
- Zoning: R6A
- Buyer: Ariel Shalom
- Seller: Damaris Macantash
- Brokers: @MattanLevy & @ElanaMagreli - ovilRealty
The buyer of the property was Ariel Shalom, while the seller was Damaris Macantash. The transaction was facilitated by brokers @MattanLevy and @ElanaMagreli from ovilRealty.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$58,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73
Is there something missing? Send suggestions