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820 Classon Avenue

Koby Telyas & Idan Shitrit Purchase Multifamily Property At 820 Classon Avenue For $6M
SOLDMultiFamily

Koby Telyas & Idan Shitrit Purchase Multifamily Property At 820 Classon Avenue For $6M

820 Classon Avenue

$6,000,000

$600/SF

Building Size

10,000 SF

Asset Type

MultiFamily

Closing

Apr 29, 2025

AI

The property involved in this transaction is a multifamily asset located at 820 Classon Avenue in Brooklyn. The sale price of the property was $6,000,000, and it encompasses a total area of 10,000 square feet, which translates to a price per square foot of $600.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $6,000,000
  • Address: 820 Classon Avenue
  • Market: Brooklyn
  • Square Footage: 10,000
  • Price per Square Foot: $600

The buyers of the property are Koby Telyas and Idan Shitrit, who facilitated this transaction. Their roles in the deal emphasize the collaborative nature of the acquisition process without reiterating prior mentioned details.

Players

Koby Telyas

Buyer

$183.6M

vol

8 deals

Buyer

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

2.64%

Cash-on-Cash

-0.76%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93