Eli Chahino Buys Multifamily Property On 727 Crawford Avenue For $1.3M
727 Crawford Avenue
$1,300,000
$650/SF
Building Size
2,000 SF
Asset Type
MultiFamily
Closing
Mar 15, 2024
AI
The multifamily property located at 727 Crawford Avenue in Sheepshead Bay, Brooklyn, was recently sold for $1,300,000. This property comprises two units with a total square footage of 1,710, resulting in a price per unit of $650,000 and a price per square foot of $760.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Units: 2
- Square Footage: 1,710
- Price per Unit: $650,000
- Price per Square Foot: $760
- Address: 727 Crawford Avenue
- Market: Sheepshead Bay, Brooklyn
Nina Sabag and Victor Althkefati from 5 Boro Realty facilitated the transaction between the buyer, Eli Chahino, and the seller, Uzi Shut. Their expertise and negotiation skills were instrumental in closing the deal for the multifamily property.
Players
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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93