Premek Burek Acquires Apartment In Fort Greene, Brooklyn For $4.2M
111 South Oxford Street, Brooklyn, New York 11217, United States
$4,200,000
$1,312/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Sep 18, 2022
AI
The property located at 111 South Oxford Street in Fort Greene, Brooklyn has been sold in a recent transaction. The apartment building, with a zoning classification of R6B, was sold for a price of $4,200,000. The property spans a total square footage of 3,200, with a price per square foot of $1,312. The buyer in this transaction is Premek Burek, while the seller is Ramiel Ben-Yehuda. The transaction took place on September 19, 2022.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $4,200,000
- Address: 111 South Oxford Street, Fort Greene, Brooklyn
- Market: Fort Greene, Brooklyn
- Zoning: R6B
- Buyer: Premek Burek
- Seller: Ramiel Ben-Yehuda
- Square Footage: 3,200
- Price per Square Foot: $1,312
It is worth noting that the property has a building square footage of 4,000 and a price per building square foot of $1,050. The property has a FAR (Floor Area Ratio) of 1.60 and falls under tax class 2B. The lot size is 2,000 and the dimensions of the lot are 20 ft x 100 ft. The previous sale of the property took place on October 10, 2017, for a price of $3,120,000.
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New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93