Freo Group Purchases MultiFamily Property From Ami Ariel In Brooklyn For $22.9M
SOLD
$22,900,000
New York
See Similar DealsMultiFamily
Sold
SOLD
Freo Group Purchases MultiFamily Property From Ami Ariel In Brooklyn For $22.9M
79 Clifton Pl
See Similar DealsMultiFamily
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Transaction Type:Sale
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:
- Property Type: MultiFamily
- Transaction Amount: $22,900,000.00
- Address: 79 Clifton Pl
- Market: Brooklyn
- Buyer: Freo Group
- Seller: Ami Ariel
- Brokers: Robert Khodadadian - Skyline Properties, Daniel Shirazi - Skyline Properties
- Date of Transaction: 01/01/2020
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,221,333.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$81,358.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$108,557.68
Annual Debt Service$1,302,692.20
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