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6801 19th Avenue, Brooklyn,...

Uri Koenig Acquires Multifamily Property In Bensonhurst For $15.7M
SOLDMultiFamily

Uri Koenig Acquires Multifamily Property In Bensonhurst For $15.7M

6801 19th Avenue, Brooklyn, New York 11204, United States

$15,700,000

$174/SF

Building Size

89,772 SF

Asset Type

MultiFamily

Closing

Jul 28, 2022

AI

The multifamily property located at 6801 19th Avenue in Bensonhurst was recently sold in a closed transaction. The sale took place on July 29, 2022, with Uri Koenig as the buyer and Eric Markel as the seller. The property consists of 95 units, with a price per unit of $165,263. It has a total square footage of 89,772, resulting in a price per square foot of $174. The transaction was finalized for a total sale price of $15,700,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $15,700,000
  • Address: 6801 19th Avenue, Bensonhurst
  • Market: Bensonhurst
  • Buyer: Uri Koenig
  • Seller: Eric Markel
  • Units: 95
  • Price per Unit: $165,263
  • Square Footage: 89,772
  • Price per Square Foot: $174

This successful transaction showcases the expertise of Uri Koenig as the buyer and Eric Markel as the seller. They were able to negotiate and finalize the sale of this multifamily property in Bensonhurst. The property offers great potential with its 95 units and ample square footage, making it a valuable asset in the market.

Players

Eric Markel

Seller

$73.5M

vol

5 deals

Seller

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

1.01%

Cash-on-Cash

-0.29%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93