Updated Dec 21, 2023
Kendrick Chow Acquires Multifamily Property In Bedford-Stuyvesant For $3.31M
125 Halsey Street, Brooklyn, New York 11216, United States
$3,310,000
$1,081/SF
Building Size
3,060 SF
Asset Type
MultiFamily
Closing
Aug 10, 2022
About this deal
AI
The multifamily property located at 125 Halsey Street in Bedford-Stuyvesant, Brooklyn has been sold on August 11, 2022. The property is zoned as R6B and has a total building square footage (BSF) of 2,550. The price of the property was $3,310,000, resulting in a price per BSF (PPBSF) of $1,298. The total lot size is 1,275, and the property has a floor area ratio (FAR) of 2.40. The tax class of the property is 1. The last recorded sale of the property was on June 16, 2017, for $1,750,000. An alteration permit was issued for the property on March 14, 2019, under Alteration 2. The dimensions of the lot are 17 feet by 76.08 feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,310,000
- Market: Bedford-Stuyvesant, Brooklyn
Kendrick Chow has purchased the property from Stefanie Marie Perrella. The square footage (SF) of the property is 3,060, resulting in a price per square foot (PPSF) of $1,082.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.79%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93