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663 MacDonough Street, Broo...

Updated Nov 22, 2023

Hasan Lari Acquires 3 Family Property In Brooklyn For $1.55M
SOLDMultiFamily

Hasan Lari Acquires 3 Family Property In Brooklyn For $1.55M

663 MacDonough Street, Brooklyn, NY, USA

$1,550,000

$369/SF

Building Size

4,200 SF

Asset Type

MultiFamily

Closing

Sep 29, 2017

About this deal

AI

The property transaction that took place on September 30th, 2017 involved a 3 Family property located at 663 Macdonough Street in Brooklyn, New York. The asset type of this property is a 3 Family w/ Plans Approved for 5,400 6-Unit Building. The property spans across 4,200 square feet and was sold for a price of $1,550,000, resulting in a price per square foot of $369.

Summary of transaction details:

  • Property Type: 3 Family w/ Plans Approved for 5,400 6-Unit Building
  • Transaction Amount: $1,550,000
  • Address: 663 Macdonough Street, Brooklyn, New York
  • Market: Brooklyn

The seller of the property was Sweeney Lee, while the buyer was Hasan Lari. The deal was facilitated by Josh Lipton, Stephen Ramkelawan, and Andrew Levine of ONE Commercial, who represented their respective parties in the transaction.

Players

Andrew Levine

Invictus Property Advisors

Broker

$454.4M

vol

68 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $369 per square foot on a published $1.6M for 4,200 square feet (2017).

Visit Stephen Ramkelawan to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.23%

Cash-on-Cash

-2.92%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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