Nazar Nazarov Purchases Multifamily Property At 802 Knickerbocker Avenue Brooklyn For $750000
802 Knickerbocker Avenue
$750,000
$204/SF
Building Size
3,672 SF
Asset Type
MultiFamily
Closing
Oct 22, 2024
AI
A multifamily asset located at 802 Knickerbocker Avenue in the Brooklyn market was sold for $750,000. The property spans 3,672 square feet, resulting in a price per square foot of $204.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $750,000
- Address: 802 Knickerbocker Avenue
- Market: Brooklyn
- Square Footage: 3,672
- Price per Square Foot: $204
- Buyer: Nazar Nazarov
- Seller: Mark Levin - Hirshmark Capital
- Buyer's Representative: Joe Brikman - Brooklyn Blocks Real Estate
- Seller's Representatives: Matthew Cosentino & Remi Norris - Terra CRG
This transaction involved key individuals, including buyer Nazar Nazarov and seller Mark Levin of Hirshmark Capital, showcasing the collaboration between both parties. Joe Brikman represented the buyer while Matthew Cosentino and Remi Norris represented the seller, highlighting a structured brokerage engagement within the deal.
Players
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
21.15%
Cash-on-Cash
-6.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93