Nazar Nazarov Purchases Multifamily Property At 802 Knickerbocker Avenue Brooklyn For $750000
SOLD
$750,000
New York
See Similar DealsMultiFamily3,672 SF
Sold 10/22/2024
SOLD
Nazar Nazarov Purchases Multifamily Property At 802 Knickerbocker Avenue Brooklyn For $750000
802 Knickerbocker Avenue
See Similar DealsMultiFamily3,672 SF
Sold 10/22/2024
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$204
Total Square Footage:3,672 SF
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$40,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$2,664.59
Cash-on-Cash Return-1.27%
Monthly Debt Service$3,555.38
Annual Debt Service$42,664.59
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