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662 Madison Avenue

Joseph Oved Of The Oved Group Acquires Multifamily Property At 662 Madison Avenue For $4.31M
SOLDMultiFamily

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:

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

Yosef Katz

Atlas Realty Group

Broker

$1.1B

vol

134 deals

Broker
GFI Realty Services
GFI Realty ServicesBrokerage
Joseph Oved

Joseph Oved

The Oved Group

Buyer

$22M

vol

5 deals

Buyer

Mendel Gold

Seller

$26.9M

vol

7 deals

Seller

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