Updated Nov 22, 2023
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
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
10.23%
Cash-on-Cash
-2.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93