Tamir Shadidian Acquires Multifamily Property In Weeksville, Brooklyn For $4.8M
826 Crown Street
$4,800,000
$91/SF
Building Size
52,764 SF
Asset Type
MultiFamily
Closing
Mar 8, 2024
AI
The multifamily property located at 826 Crown Street in Weeksville, Brooklyn, was sold for $4,800,000. This property consists of 48 units with a total area of 52,764 square feet, equating to a price per unit of $100,000 and a price per square foot of $91.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $4,800,000
- Address: 826 Crown Street
- Market: Weeksville, Brooklyn
- Units: 48
- Square Footage: 52,764
- Price Per Unit: $100,000
- Price Per Square Foot: $91
The transaction involved the buyer, Tamir Shadidian, and the sellers, Lewis Barbanel and Robert Silverman. Representing the deal were brokers Josh Orlander and Matthew Sparks from GFI Realty Services.
Players
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
3.30%
Cash-on-Cash
-0.94%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93