Harry Ani And David Mosseri Acquire Multifamily Property At 970 Decatur St In Brooklyn For $1.5M
970 Decatur St
$1,500,000
$349/SF
Building Size
4,292 SF
Asset Type
MultiFamily
Closing
Sep 8, 2017
AI
The property involved in this transaction is a MultiFamily asset located at 970 Decatur St in Brooklyn. The sale was finalized on September 8, 2017, with a transaction amount of $1,500,000.00. The total square footage of the property is 4,292.0 square feet.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,500,000.00
- Address: 970 Decatur St
- Market: Brooklyn
- Square Footage: 4292.0
- Buyer: Harry Ani and David Mosseri
- Seller: Garbo and Lipa Zicherman
- Broker: Yani Simantov
This transaction involved the buyers Harry Ani and David Mosseri, who acquired the property from sellers Garbo and Lipa Zicherman. Yani Simantov acted as the broker representing the deal.
Players
Brooklyn 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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93