Herman Rubin Acquires Multifamily Property In Brooklyn For $1.18M With Lev Mavashev From ALPHA REALTY
SOLD
$1,175,000
New York
See Similar DealsMultiFamily4,670 SF
Sold 08/11/2019
SOLD
Herman Rubin Acquires Multifamily Property In Brooklyn For $1.18M With Lev Mavashev From ALPHA REALTY
934 Glenmore Ave, Brooklyn, NY 11208, USA
See Similar DealsMultiFamily4,670 SF
Sold 08/11/2019
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$251
Total Square Footage:4,670 SF
Transaction Type:Sale
The multifamily property located at 934 Glenmore Avenue in Brooklyn has been sold in a closed transaction. The property spans 4,670 square feet and was sold for a price of $1,175,000. The price per square foot for this transaction was $251.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,175,000
- Address: 934 Glenmore Avenue
- Market: Brooklyn
The seller of the property was Gershon Eichorn, representing UpRealty LLC. The buyer was Herman Rubin. The transaction was facilitated by Lev Mavashev from ALPHA REALTY, who acted as the broker for the deal.
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30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$62,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$4,174.54
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,570.10
Annual Debt Service$66,841.19
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