Jacob Stavsky Of Stav Equities LLC Facilitate $5.75M Brooklyn Multifamily Sale
$5,750,000
$162/SF
Building Size
35,500 SF
Asset Type
MultiFamily
Closing
Apr 17, 2024
AI
The multifamily property in Brooklyn was recently sold for $5,750,000. Spanning 35,500 square feet, the property was acquired at a price of $162 per square foot. Jacob Stavsky from Stav Equities LLC facilitated the transaction between the buyer, Moses Rabinovits, and the seller, Allen Family.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,750,000
- Market: Brooklyn
- Buyer: Moses Rabinovits
- Seller: Allen Family
- Broker: Jacob Stavsky - Stav Equities LLC
- Square Footage: 35,500
- Price Per Square Foot: $162
Jacob Stavsky of Stav Equities LLC played a vital role in the property transaction, guiding the deal to its successful completion. The seller, Allen Family, entrusted the sale of their multifamily asset to Jacob Stavsky, who effectively represented their interests throughout the negotiation process, culminating in the sale to Moses Rabinovits for $5,750,000.
Market 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
2.76%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93