Robert Rahmanian And Louis Adler Acquire Multifamily Property In Brooklyn For $2.3M
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This MultiFamily property located in NY was sold for $2,300,000 about 6 years ago. The brokers of the deal were Sean Lefkovits and Rami Polinsky
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- Location16 Stanhope Street, Brooklyn, NY 11221, USA
- Sale Price$2,300,000$270 PPSF
- Area8,500 SF
- Asset TypeMultiFamily
- Parties2 Brokers
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Deal Summary
DATE: 02/08/18
|SALE
IMAGE: Sean Lefkovits, Robert Rahmanian and Louis Adler
ADDRESS: 16 Stanhope Street
CITY: New York
MARKET: Brooklyn
ASSET TYPE: Multfamily
BUYER: Robert Rahmanian (@robr23) and Louis Adler (@Louadler)
BROKER: Sean Lefkovits (@4lefko) and Rami Polinsky (@ramip5) of HPNY
PRICE: $2,300,000
SF: 8,500 sf ~ PPSF: $270
UNITS: 8 ~ PPU: $287K
CAP: 4%
PLAY: Long term hold. Upside in rents.
BROKER COMMENT: “Average rent was around $1450 and market rent is $3000 once renovated. 4RS and 4FM. Buyer plans to fully renovate the free market units and increase rents to market rents. The low taxes were a very strong appeal. It’s tax class 2B - There is a cap on increase in taxes, allowing taxes to remain low”
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16 Stanhope Street
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