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1479 Dahill Road, Brooklyn,...

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

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

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

$5,366,497

$191/SF

Building Size

28,000 SF

Asset Type

MultiFamily

Closing

Dec 7, 2021

AI

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

Chestnut Holdings

Buyer

$165.6M

vol

24 deals

Buyer

Morris Joseph Knoll

Seller

$65.3M

vol

10 deals

Seller

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.96%

Cash-on-Cash

-0.84%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93