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
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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