Fellippe Baytelman Acquires Multifamily Property On Macdonough Street For $1.525M
770 Macdonough Street
$1,525,000
$693/SF
Building Size
2,200 SF
Asset Type
MultiFamily
Closing
Mar 15, 2023
AI
The recently closed property transaction in New York City involved a multifamily asset located at 770 Macdonough Street. The property spans over 2,200 square feet and consists of 2 units. The sale price for this transaction was $1,525,000, resulting in a price per unit of $762,500 and a price per square foot of $693.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,525,000
- Address: 770 Macdonough Street, New York City
- Market: New York City
- Buyer: Fellippe Baytelman
- Seller: Nan Sandle
- Brokers: David Avgi & Ovi Lazari - Avenues Real Estate
- Units: 2
- Price per Unit: $762,500
- Square Footage: 2,200
- Price per Square Foot: $693
The transaction was facilitated by the Avenues Real Estate team, represented by David Avgi and Ovi Lazari. Known for their expertise in the New York real estate market, the AVGI team provides a wide range of services to buyers, sellers, and investors, assisting them in navigating the complexities of the buying and selling process. With their commitment to excellence and dedication to client satisfaction, the AVGI team has established themselves as one of the leading real estate teams in the area.
Contact Us today to explore more opportunities in the thriving New York City real estate market!
Players
Market 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
10.40%
Cash-on-Cash
-2.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93