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970 Decatur St

Harry Ani And David Mosseri Acquire Multifamily Property At 970 Decatur St In Brooklyn For $1.5M
SOLDMultiFamily

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

Yani Simantov

GFI Realty Services

Broker

$14.5M

vol

5 deals

Broker

Harry Ani

Buyer
Buyer

Garbo

Seller

$2.2M

vol

1 deal

Seller

Brooklyn 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

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93