Joseph Oved Of The Oved Group Acquires Multifamily Property At 662 Madison Avenue For $4.31M
SOLD
$4,310,000
+ 2
New York
See Similar DealsMultiFamily10,160 SF
Sold 03/21/2018
SOLD
Joseph Oved Of The Oved Group Acquires Multifamily Property At 662 Madison Avenue For $4.31M
662 Madison Avenue
See Similar DealsMultiFamily10,160 SF
Sold 03/21/2018
+ 2
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$424
Total Square Footage:10,160 SF
Transaction Type:Sale
The property asset involved in the transaction is a MultiFamily building located at 662 Madison Avenue in the Brooklyn market. It was sold for a price of $4,310,000.00, encompassing a total square footage of 10,160.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,310,000.00
- Address: 662 Madison Avenue
- Market: Brooklyn
- Square Footage: 10,160.0
- Buyer: Joseph Oved (The Oved Group)
- Seller: Mendel Gold
- Brokers: Isaac Moskowitz, Shlomo Antebi (Atlas Realty Group), Yosef Katz (Atlas Realty Group), Zach Fuchs
Key individuals involved in this deal include Joseph Oved representing The Oved Group as the buyer and Mendel Gold as the seller. The transaction was facilitated by brokers Shlomo Antebi and Yosef Katz, both from Atlas Realty Group, along with Isaac Moskowitz and Zach Fuchs.
Players
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$229,866.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$15,312.51
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,431.60
Annual Debt Service$245,179.19
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