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Jonathan Wiener Acquires Multi Family Property In Borough Park, Brooklyn For $5.4M

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SOLD
$5,366,497

New York

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MultiFamily28,000 SF
Sold 12/08/2021
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SOLD

Jonathan Wiener Acquires Multi Family Property In Borough Park, Brooklyn For $5.4M

1479 Dahill Road, Brooklyn, New York 11218, United States

See Similar Deals
MultiFamily28,000 SF
Sold 12/08/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$191
Total Square Footage:28,000 SF
Transaction Type:Sale

The property involved in this transaction is a multi-family asset located at 1479 Dahill Road in Borough Park, Brooklyn. The sale price is $5,366,497, with a building square footage (BSF) of 13,500 and a price per building square foot (PPBSF) of $398. The total square footage (SF) is 28,000, with a price per square foot (PPSF) of $192. This property is situated on a 10,000 square foot lot, which has dimensions of 100 ft x 100 ft and falls under R5B zoning regulations. The property has a Floor Area Ratio (FAR) of 2.80 and is classified under tax class 2.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $5,366,497
  • Buyer: Jonathan Wiener
  • Seller: Morris Joseph Knoll
  • Building Square Footage: 13,500
  • Price Per Building Square Foot: $398
  • Total Square Footage: 28,000
  • Price Per Square Foot: $192
  • Lot Size: 10,000
  • Lot Dimensions: 100 ft x 100 ft
  • Floor Area Ratio: 2.80
  • Tax Class: 2

In this transaction, Jonathan Wiener is the buyer while Morris Joseph Knoll is the seller. The deal showcases the participation of these key individuals representing their respective interests in the multi-family property located in Brooklyn.

Players

Jonathan Wiener
24 deals$165.6M volume
BUYER

Details

SOLD
IMAGE: 12/08/2021 ADDRESS: 1479 Dahill Road MARKET: Borough Park, Brooklyn ASSET TYPE: Multi Family ~ ZONING: R5B BUYER: Jonathan Wiener SELLER: Morris Joseph Knoll PRICE: $5,366,497 BSF: 13,500 ~ PPBSF: $398 SF: 28,000 ~ PPSF: $192 FAR: 2.80 TAX CLASS: 2 LOT SIZE: 10,000 LAST SALE PRICE: $0 (11/15/2021) LOT DIMENSION: 100 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$286,213.18

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,066.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$25,439.93
Annual Debt Service$305,279.20