Updated Dec 21, 2023
Andrew Shama Acquires Brooklyn Multifamily Property For $1.1M
702A Halsey St, Brooklyn, NY 11233, USA
$1,100,000
$463/SF
Building Size
2,376 SF
Asset Type
MultiFamily
Closing
Sep 8, 2019
About this deal
AI
The multifamily property located at 702A Halsey Street in Brooklyn, Bedford Stuyvesant, was recently sold in a closed transaction. The property was sold for a sale price of $1,100,000, slightly below the asking price of $1,149,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 702A Halsey Street
- Market: Brooklyn, Bedford Stuyvesant
The seller of the property was Lars Bell, while the buyer was Andrew Shama. The transaction was facilitated by brokers from 5 Boro Realty, specifically Nina Sabag and Davidson Joseph. They represented the respective parties involved in the deal.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93