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91 E 21st St, Brooklyn, NY ...

@KlosedProperties Acquires Prospect Park South Multifamily For $1.52M
SOLDMultiFamily

@KlosedProperties Acquires Prospect Park South Multifamily For $1.52M

91 E 21st St, Brooklyn, NY 11226, USA

$1,520,000

$77/SF

Building Size

19,500 SF

Asset Type

MultiFamily

Closing

Jul 21, 2020

AI

The asset involved in this transaction is a multifamily property located at 91 East 21st Street in the Prospect Park South market. It was sold for a total price of $1,520,000, encompassing a total square footage of 19,500. The price per square foot was calculated at $77, with the property consisting of 16 units, which brings the price per unit to $95,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,520,000
  • Square Footage: 19,500
  • Price per Square Foot: $77
  • Total Units: 16
  • Price per Unit: $95,000
  • Seller: Allison Clark
  • Buyer: @KlosedProperties – Steven Kachanian, Adam Hajibai, Jacob Namdar
  • Broker: Erik Rodriguez – Rodriguez Commercial Realty
  • Sale Date: 07/22/2020

Key individuals in this transaction include the seller, Allison Clark, and the buyers from @KlosedProperties, which consists of Steven Kachanian, Adam Hajibai, and Jacob Namdar. The broker facilitating the transaction was Erik Rodriguez, representing Rodriguez Commercial Realty.

Players

Adam Hajibai

Klosed Properties

Broker

$76.1M

vol

21 deals

Broker
Jacob Namdar

Jacob Namdar

Buyer

$22.7M

vol

15 deals

Buyer

Allison Clark

Seller

$11.2M

vol

3 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.44%

Cash-on-Cash

-2.98%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93