Harry Ani And David Mosseri Acquire Multifamily Property At 970 Decatur St In Brooklyn For $1.5M
SOLD
$1,500,000
New York
See Similar DealsMultiFamily4,292 SF
Sold 09/08/2017
SOLD
Harry Ani And David Mosseri Acquire Multifamily Property At 970 Decatur St In Brooklyn For $1.5M
970 Decatur St
See Similar DealsMultiFamily4,292 SF
Sold 09/08/2017
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$349
Total Square Footage:4,292 SF
Transaction Type:Sale
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
BUYER
SELLER
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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