Updated Dec 21, 2023
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
Brooklyn 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
1.65%
Cash-on-Cash
-0.47%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93