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

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SOLD
$5,000,000

New York

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Mixed-use11,100 SF
Sold 11/18/2021
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Property Image
SOLD

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

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

See Similar Deals
Mixed-use11,100 SF
Sold 11/18/2021
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Summary

NEW YORK
Asset Type:Mixed-use
Price Per Square Foot:$450
Total Square Footage:11,100 SF
Transaction Type:Sale

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

7 deals$98.9M volume
SELLER

Details

SOLD
IMAGE: 11/18/2021 ADDRESS: 1919 Cortelyou Road MARKET: Ditmas Park,Brooklyn ASSET TYPE: Miscellaneous ~ ZONING: R3X, R7A BUYER: Roza Koyenova SELLER: Shlomo Karpen PRICE: $5,000,000 BSF: 2,603 ~ PPBSF: $1,921 SF: 11,100 ~ PPSF: $450 FAR: 2.13 TAX CLASS: 4 LOT SIZE: 5,206 LAST SALE PRICE: $2,500,000 (12/17/2019) LOT DIMENSION: 54 ft x 114.33 ft

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

$266,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,702.55
Annual Debt Service$284,430.61