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Fellippe Baytelman Acquires Multifamily Property On Macdonough Street For $1.525M

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SOLD
$1,525,000

New York

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MultiFamily2,200 SF
Sold 03/15/2023
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Property Image
SOLD

Fellippe Baytelman Acquires Multifamily Property On Macdonough Street For $1.525M

770 Macdonough Street

See Similar Deals
MultiFamily2,200 SF
Sold 03/15/2023
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$693
Total Square Footage:2,200 SF
Transaction Type:Sale

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

David Avgi
24 deals$81.2M volume(646) 628-3220
BROKER

Ovi Lazari
Avenues Real Estate
4 deals$8.6M volume(516) 782-9664
BROKER

Details

SOLD
IMAGE: David Avgi & Ovi Lazari DATE: 03/15/2023 ADDRESS: 770 Macdonough Street MARKET: New York City ASSET TYPE: Multifamily BUYER: Fellippe Baytelman SELLER: Nan Sandle BROKERS: David Avgi (@DavidPrettyBoy) & Ovi Lazari (@OviLazari) - Avenues Real Estate (@Avenues.RealEstate) SALE PRICE: $1,525,000 UNITS: 2 ~ PPU: $762,500 SF: 2,200 ~ PPSF: $693 NOTE FROM BROKER: The AVGI team is a top real estate team based in New York, with extensive experience and expertise in the market for condos, townhomes, and resales. Comprised of a group of highly skilled and dedicated professionals, the AVGI team has earned a reputation as one of the leading real estate teams in the area, known for their commitment to excellence and their unwavering focus on their clients' needs. With a deep understanding of the complexities of the New York real estate market, the AVGI team provides a comprehensive range of services designed to help buyers, sellers, and investors navigate the often challenging process of buying or selling property. Contact Us Lets Get To Work!

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,418.01
Cash-on-Cash Return-1.27%
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