Updated Dec 19, 2023
William Quartner Acquires Multifamily Property On Dean Street In Boerum Hill For $6M
165 Dean Street, Boerum Hill, Brooklyn, NY, USA
$6,000,000
$1,445/SF
Building Size
4,150 SF
Asset Type
MultiFamily
Closing
Jul 27, 2021
About this deal
AI
A multifamily property located at 165 Dean Street in Boerum Hill has been sold for $6,000,000. The property has a building square footage (BSF) of 5,000, with a price per BSF of $1,200. The total square footage (SF) of the property is 4,150, with a price per SF of $1,445. The lot size is 2,500 square feet, with lot dimensions of 25 ft x 100 ft. The property's floor area ratio (FAR) is 1.66 and it falls under tax class 1. The last recorded sale of the property was on June 27, 2013, for a price of $4,200,000. In 2002, permits were issued for an alteration type 2.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Market: Boerum Hill
- Zoning: R6B
The buyer in this transaction is William Quartner, and the seller is Martyn N Ball. The deal was represented by Lucy Perry from Compass.
Players
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
2.64%
Cash-on-Cash
-0.76%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93