@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
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
10.44%
Cash-on-Cash
-2.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93