Koby Telyas & Idan Shitrit Purchase Multifamily Property At 820 Classon Avenue For $6M
SOLD
$6,000,000
New York
See Similar DealsMultiFamily10,000 SF
Sold 04/30/2025
SOLD
Koby Telyas & Idan Shitrit Purchase Multifamily Property At 820 Classon Avenue For $6M
820 Classon Avenue
See Similar DealsMultiFamily10,000 SF
Sold 04/30/2025
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$600
Total Square Footage:10,000 SF
Transaction Type:Sale
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
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$319,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$21,316.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$28,443.06
Annual Debt Service$341,316.73
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