Updated Jan 23, 2025
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
About this deal
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:
- 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.
On the Map
$22,900,000
MultiFamily
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Brooklyn MultiFamily Market Snapshot
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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