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156 West End Avenue, Manhat...

Updated Dec 21, 2023

Donald Manning Acquires Multi Family Property In Manhattan Beach For $9.6M
SOLDMultiFamily

Donald Manning Acquires Multi Family Property In Manhattan Beach For $9.6M

156 West End Avenue, Manhattan Beach, Brooklyn, NY, USA

$9,588,695

$73/SF

Building Size

129,990 SF

Asset Type

MultiFamily

Closing

Nov 17, 2021

About this deal

AI

The property involved in this transaction is a multi-family asset located at 156 West End Avenue & 161 Corbin Place in Manhattan Beach, Brooklyn. The property is zoned as R6 and has a lot size of 26,230 square feet with dimensions of 215 feet by 122.58 feet. It has a total square footage of 129,990 and a building square footage (BSF) of 102,619. The property was sold for a price of $9,588,695, with a price per building square foot (PPBSF) of $93 and a price per square foot (PPSF) of $74. The property's floor area ratio (FAR) is 3.06 and its tax class is 2. The previous sale of the property was recorded on December 2, 1980, at a price of $0.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $9,588,695
  • Market: Manhattan Beach, Brooklyn
  • Buyer: Donald Manning
  • Seller: Donald Manning
  • BSF: 102,619
  • PPBSF: $93
  • SF: 129,990
  • PPSF: $74
  • FAR: 3.06
  • Tax Class: 2
  • Lot Size: 26,230
  • Last Sale Price: $0 (12/2/1980)
  • Lot Dimension: 215 ft x 122.58 ft

In this transaction, the buyer and seller of the property are both represented by Donald Manning.

Players

Donald Manning

Buyer

$32.2M

vol

2 deals

Buyer

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $73 per square foot on a published $9.6M for 129,990 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.65%

Cash-on-Cash

-0.47%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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