Adam Malul Purchases Multifamily Asset From Velina Peters In Brooklyn For $990,000
SOLD
$990,000
New York
See Similar DealsMultiFamily4,100 SF
Sold 07/01/2025
SOLD
Adam Malul Purchases Multifamily Asset From Velina Peters In Brooklyn For $990,000
758 Snediker Avenue
See Similar DealsMultiFamily4,100 SF
Sold 07/01/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$241
Total Square Footage:4,100 SF
Transaction Type:Sale
The property asset involved in the transaction is a multifamily building located at 758 Snediker Avenue in the Brooklyn market. The transaction was valued at $990,000, with five units and a total square footage of 4,100, resulting in a price per unit of $198,000 and a price per square foot of $241.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $990,000
- Units: 5
- Square Footage: 4,100
- Price Per Unit: $198,000
- Price Per Square Foot: $241
- Buyer: Adam Malul
- Seller: Velina Peters
- Broker Representatives: Kerrie Lynch - Harkov Lewis Team; Lisa James & Anthony L. Morris - The Corcoran Group
The buyer, Adam Malul, and seller, Velina Peters, were represented by brokers in this deal, including Kerrie Lynch from Harkov Lewis Team and the duo Lisa James & Anthony L. Morris from The Corcoran Group. This transaction highlights the collaboration between different brokerage firms in executing property sales within the multifamily sector.
Players
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$52,800.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,517.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,693.11
Annual Debt Service$56,317.26
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