Tamir Shadidian Acquires Multifamily Property In Weeksville, Brooklyn For $4.8M
SOLD
New York
See Similar DealsMultiFamily52,764 SF
Sold
SOLD
Tamir Shadidian Acquires Multifamily Property In Weeksville, Brooklyn For $4.8M
826 Crown Street
See Similar DealsMultiFamily52,764 SF
Sold
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$91
Total Square Footage:52764 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$256,000.01
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,053.38
Cash-on-Cash Return-1.27%
Monthly Debt Service$22,754.45
Annual Debt Service$273,053.39
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