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124 Calyer Street, Brooklyn...

Updated Dec 20, 2023

Alcis Calyer Acquires Multifamily Property In Greenpoint, Brooklyn For $3.15M
SOLDMultiFamily

Alcis Calyer Acquires Multifamily Property In Greenpoint, Brooklyn For $3.15M

124 Calyer Street, Brooklyn, New York 11222, United States

$3,150,000

$937/SF

Building Size

3,360 SF

Asset Type

MultiFamily

Closing

Aug 28, 2022

About this deal

AI

The multifamily property located at 124 Calyer Street in Greenpoint, Brooklyn has been sold in a recent transaction. The property is zoned as R6B and sits on a lot size of 1,600 square feet with dimensions of 20 ft x 80 ft. The building has a total square footage of 3,360 and offers a buildable square footage of 3,200. The sale price for this property was $3,150,000, with a price per buildable square foot of $984 and a price per square foot of $937. The previous sale of this property was recorded on December 30, 2009, for a price of $497,500.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,150,000
  • Market: Greenpoint, Brooklyn
  • Zoning: R6B
  • Lot Size: 1,600 square feet
  • Square Footage: 3,360
  • Buildable Square Footage: 3,200
  • Price per Buildable Square Foot: $984
  • Price per Square Foot: $937
  • Last Sale Price: $497,500 (12/30/2009)
  • Lot Dimension: 20 ft x 80 ft

The buyer of this property was Alcis Calyer, and the seller was Hedwig Sikora. The transaction took place on August 29, 2022. The property falls under tax class 1 and has a floor area ratio (FAR) of 2.10.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $937 per square foot on a published $3.2M for 3,360 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.04%

Cash-on-Cash

-1.44%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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