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826 Crown Street

Tamir Shadidian Acquires Multifamily Property In Weeksville, Brooklyn For $4.8M
SOLDMultiFamily

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

Matthew Sparks

GFI Realty Services

Broker

$63.3M

vol

9 deals

Broker

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