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675 East 103rd Street

Akmal Globus Purchases Multifamily Property From Shimshon Pashkes In Brooklyn For $770,000
SOLDMultiFamily

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.

Players

Nathaniel Smith

FIND Real Estate

Broker

$35.1M

vol

13 deals

Broker

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