Ariel Shalom Acquires Multifamily Property In Brooklyn For $1.1M
637 Quincy Street, Brooklyn, NY, USA
$1,100,000
$375/SF
Building Size
2,932 SF
Asset Type
MultiFamily
Closing
Dec 19, 2020
AI
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
New York 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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93