facebook
Traded Co logo
Submit

Premek Burek Acquires Apartment In Fort Greene, Brooklyn For $4.2M

Property Image
SOLD
$4,200,000

New York

See Similar Deals
MultiFamily3,200 SF
Sold 09/19/2022
the dealplayerscompscontact
Property Image
SOLD

Premek Burek Acquires Apartment In Fort Greene, Brooklyn For $4.2M

111 South Oxford Street, Brooklyn, New York 11217, United States

See Similar Deals
MultiFamily3,200 SF
Sold 09/19/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,312
Total Square Footage:3,200 SF
Transaction Type:Sale

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.

Players

4 deals$34.2M volume
SELLER

Details

SOLD
IMAGE: 09/19/2022 ADDRESS: 111 South Oxford Street MARKET: Fort Greene, Brooklyn ASSET TYPE: Apartment ~ ZONING: R6B BUYER: Premek Burek SELLER: Ramiel Ben-Yehuda PRICE: $4,200,000 BSF: 4,000 ~ PPBSF: $1,050 SF: 3,200 ~ PPSF: $1,312 FAR: 1.60 TAX CLASS: 2B LOT SIZE: 2,000 LAST SALE PRICE: $3,120,000 (10/10/2017) LOT DIMENSION: 20 ft x 100 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,910.14
Annual Debt Service$238,921.71