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125 Halsey Street, Brooklyn...

Updated Dec 21, 2023

Kendrick Chow Acquires Multifamily Property In Bedford-Stuyvesant For $3.31M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.3M for 3,060 square feet (2022).

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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

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