Updated Dec 21, 2023
Jack Zami Acquires Multifamily Property On 8th St In Midwood, Brooklyn For $3.6M
1441 East 8th Street, Brooklyn, New York 11230, United States
$3,600,000
$2,608/SF
Building Size
1,380 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
A multifamily property with a garage located at 1441 E 8th St in Midwood, Brooklyn, was recently sold for a price of $3,600,000. The property has a building square footage (BSF) of 3,750, with a price per BSF (PPBSF) of $960. The total square footage (SF) of the property is 1,380, with a price per SF (PPSF) of $2,608. The property is zoned as R5, OP and has a floor area ratio (FAR) of 0.46. The tax class of the property is 1.
Summary of transaction details
- Property Type: Multifamily w/ Garage
- Transaction Amount: $3,600,000
- Address: 1441 E 8th St, Midwood, Brooklyn
- BSF: 3,750
- PPBSF: $960
- SF: 1,380
- PPSF: $2,608
- Zoning: R5, OP
- FAR: 0.46
- Tax Class: 1
The buyer in this transaction is Jack Zami, and the seller is Rochelle J Ashkenazi.
Additional details about the property include a lot size of 3,000 square feet. The last recorded sale price for the property was $1,750,000 on November 19, 2009. A permit for alteration 1 was issued on December 29, 2004. The lot dimensions are 30 feet by 100 feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93