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David Feldman Acquires SFR In Gravesend, Brooklyn For $6.8M

Property Image
SOLD
$6,800,000

New York

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3,240 SF
Sold 02/01/2022
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Property Image
SOLD

David Feldman Acquires SFR In Gravesend, Brooklyn For $6.8M

2026 East 5th Street, Brooklyn, New York 11223, United States

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3,240 SF
Sold 02/01/2022
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Summary

NEW YORK
Price Per Square Foot:$2,098
Total Square Footage:3,240 SF
Transaction Type:Sale

Located at 2026 East 5th Street in the Gravesend neighborhood of Brooklyn, this single-family home (SFR) was recently sold in a closed transaction. The property is zoned as R2X, OP, and sits on a lot size of 4,000 square feet with dimensions of 40 ft x 100 ft. The property has a floor area ratio (FAR) of 0.81 and falls under tax class 1.

Summary of transaction details:

  • Property Type: Single-Family Home (SFR)
  • Transaction Amount: $6,800,000
  • Price per Square Foot (PPSF): $2,098
  • Building Square Feet (BSF): 3,400
  • Price per Building Square Foot (PPBSF): $2,000
  • Square Footage (SF): 3,240
  • Buyer: David Feldman
  • Seller: Alan Safdeye

This transaction involved two key individuals: David Feldman, who acted as the buyer, and Alan Safdeye, who acted as the seller. The deal, closed on 02/01/2022, resulted in a transaction amount of $6,800,000. The property's square footage is 3,240 SF, with a price per square foot of $2,098. The building covers a floor area of 3,400 BSF, resulting in a price per building square foot of $2,000. The property's lot size is 4,000 square feet, with dimensions of 40 ft x 100 ft. This sale in the Gravesend market of Brooklyn showcased the value of this single-family home in the area.

Players

3 deals$35.3M volume
BUYER

Details

SOLD
IMAGE: 02/01/2022 ADDRESS: 2026 East 5th Street MARKET: Gravesend, Brooklyn ASSET TYPE: SFR ~ ZONING: R2X, OP BUYER: David Feldman SELLER: Alan Safdeye PRICE: $6,800,000 BSF: 3,400 ~ PPBSF: $2,000 SF: 3,240 ~ PPSF: $2,098 FAR: 0.81 TAX CLASS: 1 LOT SIZE: 4,000 LOT DIMENSION: 40 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$24,158.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$32,235.47
Annual Debt Service$386,825.63