Akmal Globus Purchases Multifamily Property From Shimshon Pashkes In Brooklyn For $770,000
675 East 103rd Street
$770,000
$154/SF
Building Size
5,000 SF
Asset Type
MultiFamily
Closing
Dec 1, 2025
AI
The asset involved in this transaction is a multifamily property located at 675 East 103rd Street, Brooklyn. It features three units and has a total square footage of 5,000. The transaction was completed at a sale price of $770,000, resulting in a per unit price of $256,666 and a price per square foot of $154.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $770,000
- Units: 3
- Square Footage: 5,000
- Price Per Unit: $256,666
- Price Per Square Foot: $154
- Buyer: Akmal Globus
- Seller: Shimshon Pashkes
- Broker: Nathaniel Smith - FIND Real Estate
Nathaniel Smith represents the broker for the transaction, specializing in sourcing and structuring off-market commercial real estate opportunities. The firm's focus is on leveraged, yield-driven transactions aimed at maximizing cash flow and long-term value. They maintain a deep network to provide exclusive deal flow well ahead of the broader market.
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
20.60%
Cash-on-Cash
-5.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93