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1919 Cortelyou Road, Little...

Roza Koyenova Acquires Miscellaneous Property In Ditmas Park, Brooklyn For $5M
SOLDMixed-use

Roza Koyenova Acquires Miscellaneous Property In Ditmas Park, Brooklyn For $5M

1919 Cortelyou Road, Little Haiti, Brooklyn, NY, USA

$5,000,000

$450/SF

Building Size

11,100 SF

Asset Type

Mixed-use

Closing

Nov 17, 2021

AI

The property located at 1919 Cortelyou Road in Ditmas Park, Brooklyn, has been sold for a price of $5,000,000. The property is classified as Miscellaneous and falls under the zoning categories of R3X and R7A. The total square footage of the property is 11,100, and it has a building square footage (BSF) of 2,603. The price per building square footage (PPBSF) is $1,921, and the price per square foot (PPSF) is $450. The property has a floor area ratio (FAR) of 2.13 and a tax class of 4. The lot size is 5,206 square feet, with dimensions of 54 feet by 114.33 feet. The previous sale of the property was recorded on December 17, 2019, for a price of $2,500,000.

Summary of transaction details

  • Property Type: Miscellaneous
  • Transaction Amount: $5,000,000
  • Market: Ditmas Park, Brooklyn
  • Zoning: R3X, R7A
  • Buyer: Roza Koyenova
  • Seller: Shlomo Karpen
  • Building Square Footage: 2,603
  • Price per Building Square Footage: $1,921
  • Total Square Footage: 11,100
  • Price per Square Foot: $450
  • Floor Area Ratio: 2.13
  • Tax Class: 4
  • Lot Size: 5,206 square feet
  • Last Sale Price: $2,500,000 (12/17/2019)
  • Lot Dimension: 54 ft x 114.33 ft

The buyer of the property is Roza Koyenova, and the seller is Shlomo Karpen.

Players

Shlomo Karpen

Seller

$98.9M

vol

7 deals

Seller

Brooklyn Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.17%

Cash-on-Cash

-0.91%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93