Joseph Oved Of The Oved Group Acquires Multifamily Property At 662 Madison Avenue For $4.31M
662 Madison Avenue
$4,310,000
$424/SF
Building Size
10,160 SF
Asset Type
MultiFamily
Closing
Mar 21, 2018
AI
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
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
3.68%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93