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79 Clifton Pl

Freo Group Purchases MultiFamily Property From Ami Ariel In Brooklyn For $22.9M
SOLDMultiFamily

Freo Group Purchases MultiFamily Property From Ami Ariel In Brooklyn For $22.9M

79 Clifton Pl

$22,900,000

Building Size

Asset Type

MultiFamily

Closing

Jan 1, 2020

AI

The property involved in this transaction is a MultiFamily asset located at 79 Clifton Pl in the Brooklyn market. The transaction price was $22,900,000.00.

Summary of transaction details:

In this transaction, Freo Group acquired the property, represented by Robert Khodadadian and Daniel Shirazi from Skyline Properties. The seller, Ami Ariel, finalized the deal on January 1, 2020.

Players

Daniel Shirazi

Skyline Properties

Broker

$825.5M

vol

16 deals

Broker
FG
Freo GroupBuyer

Ami Ariel

Seller

$54.5M

vol

8 deals

Seller

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

0.69%

Cash-on-Cash

-0.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93