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1529 Dahill Road, Brooklyn,...

Jonathan Wiener Acquires Multi Family Property In Borough Park, Brooklyn For $7.8M
SOLDMultiFamily

Jonathan Wiener Acquires Multi Family Property In Borough Park, Brooklyn For $7.8M

1529 Dahill Road, Brooklyn, New York 11218, United States

$7,769,797

$194/SF

Building Size

40,000 SF

Asset Type

MultiFamily

Closing

Dec 7, 2021

AI

The multi-family property located at 1529 Dahill Road in Borough Park, Brooklyn has been sold. The property is zoned as R5B and has a lot size of 15,000 square feet, with dimensions of 150 ft x 100 ft. The building has a total square footage of 40,000 and consists of 20,250 square feet of buildable space. The property was sold for a price of $7,769,797, resulting in a price per square foot of $194. The previous sale of the property took place on 2/20/1969 for a price of $0.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $7,769,797
  • Market: Borough Park, Brooklyn
  • Zoning: R5B
  • Lot Size: 15,000 square feet
  • Building Square Footage: 40,000
  • Buildable Square Footage: 20,250
  • Price per Square Foot: $194
  • Last Sale Price: $0 (2/20/1969)
  • Lot Dimensions: 150 ft x 100 ft

The buyer of the property is Jonathan Wiener, and the seller is Morris Joseph Knoll.

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

2.04%

Cash-on-Cash

-0.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93