Updated Oct 29, 2024
Steven Kachanian & Jacob Namdar Acquire Multifamily Asset In Brooklyn For $2.1M
1002 Fulton Street, Brooklyn, NY 11238, USA
$2,100,000
$376/SF
Building Size
5,575 SF
Asset Type
MultiFamily
Closing
Oct 3, 2018
About this deal
AI
The multifamily property located at 1002 Fulton Street in Brooklyn, New York has been sold for a price of $2,100,000. The transaction was completed on 10/4/18.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Buyer: Steven Kachanian & Jacob Namdar of Klosed Properties
- Seller: Barbara Wilkins of New Paradise Baptist Church
- Broker: Akil Rossi of TRC Real Estate Capital
The buyers of the property are Steven Kachanian and Jacob Namdar, representing Klosed Properties. They acquired the property from Barbara Wilkins, who represented New Paradise Baptist Church as the seller. The real estate transaction was facilitated by broker Akil Rossi of TRC Real Estate Capital.
Players
New York 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93