Jonathan R. Zamir Of Keystone Equities Acquires Brooklyn Multifamily For $36.5M From Shimon Eisikowicz & Bhavik Khatri
$36,500,000
$351/SF
Building Size
104,000 SF
Asset Type
MultiFamily
Closing
Dec 27, 2024
AI
The transaction involved a multifamily asset located in Brooklyn, with a sale price of $36,500,000 and a total square footage of 104,000. The property was sold by Shimon Eisikowicz and Bhavik Khatri, representing Cross River. The deal highlights significant financial movement in the real estate market.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $36,500,000
- Square Footage: 104,000
- Buyer: Jonathan R. Zamir - Keystone Equities
- Seller: Shimon Eisikowicz & Bhavik Khatri - Cross River
This transaction signifies a strategic partnership, with Keystone Equities announcing the acquisition of a newly originated construction loan from Cross River Bank. Keystone Equities has facilitated over $350 million in commercial real estate-backed loan transactions in the past 10 months, emphasizing their role in capital deployment within the market.
Players
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
0.43%
Cash-on-Cash
-0.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93