Updated Oct 29, 2024
The Nektalov Family Acquires Multifamily Property In Brooklyn For $5.15M
862 50th Street, Brooklyn, NY, USA
$5,150,000
$365/SF
Building Size
14,080 SF
Asset Type
MultiFamily
Closing
Feb 18, 2021
About this deal
AI
The multifamily property located at 862-868 50th Street in Brooklyn has been sold. The transaction took place on February 19, 2021. The property consists of 32 units with a sale price of $5,150,000, resulting in a per unit price of $160,937.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Units: 32
- Per Unit Price: $160,937
- Buyer: The Nektalov Family (avidNektalov, @Mike_Nekta, @RichieRichNY)
- Seller: The Nussdorf Family
- Brokers: Shlomo Antebi, Yosef Katz, Erik Yankelovich, Natan Safdieh (@ARG_NYC)
The deal was facilitated by brokers Shlomo Antebi, Yosef Katz, Erik Yankelovich, and Natan Safdieh from @ARG_NYC. They represented the buyer and seller in the transaction.
Players
New York 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
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93