GD Capital Acquires Mixed-Use Property In Bedford-Stuyvesant, Brooklyn For $2.28M
310 Tompkins Avenue, Brooklyn, New York 11216, United States
$2,285,000
$495/SF
Building Size
4,615 SF
Asset Type
Mixed-use
Closing
Jan 17, 2022
AI
The mixed-use property located at 310 Tompkins Ave in Bedford-Stuyvesant, Brooklyn, NY has been sold for a price of $2,285,000. The property, with a lot size of 1,559 square feet, features a total square footage of 4,615. The sale price per square foot is $495, and the previous sale of the property took place on 8/16/2018 for a price of $2,057,116. The property is zoned as R6A and C2-4, with a floor area ratio (FAR) of 2.96. The tax class of the property is 2A. The property has also undergone an alteration permit on 11/13/2013. The lot dimensions are 19.25 ft x 81 ft.
Summary of transaction details:
- Property Type: Mixed use
- Transaction Amount: $2,285,000
- Market: Bedford-Stuyvesant, Brooklyn, NY
- Buyer: GD Capital - Mark Guindi
The buyer in this transaction is GD Capital, represented by Mark Guindi. The property was sold by an unknown seller. The deal was finalized on 01/18/2022. Mark Guindi is a real estate professional associated with GD Capital. The transaction involved the transfer of ownership of the mixed-use property located at 310 Tompkins Ave.
Players
New York 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
6.94%
Cash-on-Cash
-1.98%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93