Uriel Dostov Of Argentum NYC Acquires Multifamily Property At 75 Adelphi Street For $1.55M
SOLD
$1,505,000
New York
See Similar DealsMultiFamily2,340 SF
Sold
SOLD
Uriel Dostov Of Argentum NYC Acquires Multifamily Property At 75 Adelphi Street For $1.55M
75 Adelphi Street
See Similar DealsMultiFamily2,340 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$643
Total Square Footage:2340 SF
Transaction Type:Sale
The multifamily property at 75 Adelphi Street, located in Fort Greene, Brooklyn, has been sold for $1,550,000. The asset encompasses a total area of 2,340 square feet, translating to a price per square foot of $662.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,550,000
- Address: 75 Adelphi Street
- Market: Brooklyn
- Buyer: Uriel Dostov - Argentum NYC
- Analyst: Morris Hanan - Argentum NYC
- Square Footage: 2,340
- Price Per Square Foot: $662
Uriel Dostov of Argentum acquired the property, with the transaction being sourced by Morris Hanan, who serves as Argentum's acquisitions analyst.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$80,266.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,346.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,134.47
Annual Debt Service$85,613.61
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