Updated Dec 19, 2023
Dean I Wilson Acquires Boerum Hill Multifamily For $3.4M
163 Wyckoff Street, Brooklyn, New York 11217, United States
$3,400,000
$1,082/SF
Building Size
3,140 SF
Asset Type
MultiFamily
Closing
Apr 3, 2022
About this deal
AI
The multifamily property located at 163 Wyckoff Street in Boerum Hill, Brooklyn has been sold for $3,400,000. The property has a building square footage (BSF) of 4,000, with a price per BSF (PPBSF) of $937. The total square footage (SF) of the property is 3,140, with a price per square foot (PPSF) of $1,083. The property is zoned as R6B and has a floor area ratio (FAR) of 1.57. The tax class of the property is 1. The lot size is 2,000 square feet, with lot dimensions of 20 ft x 100 ft. The property was last sold for $1,100,000 on January 21, 2011, and an alteration permit was issued on March 3, 2011.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,400,000
- Market: Boerum Hill, Brooklyn
- Zoning: R6B
The buyer of the property is Dean I Wilson, and the seller is Josselin Louis Hirsch.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93