Herman Rubin Acquires Multifamily Property In Brooklyn For $1.18M With Lev Mavashev From ALPHA REALTY
934 Glenmore Ave, Brooklyn, NY 11208, USA
$1,175,000
$251/SF
Building Size
4,670 SF
Asset Type
MultiFamily
Closing
Aug 10, 2019
AI
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.
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
13.50%
Cash-on-Cash
-3.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93