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Kave Pourzanjani Acquires Multifamily Property In Greenpoint, Brooklyn For $3.45M

Property Image
SOLD
$3,450,000

New York

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MultiFamily3,264 SF
Sold 08/30/2022
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Property Image
SOLD

Kave Pourzanjani Acquires Multifamily Property In Greenpoint, Brooklyn For $3.45M

169 Bayard Street, Brooklyn, New York 11222, United States

See Similar Deals
MultiFamily3,264 SF
Sold 08/30/2022
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,057
Total Square Footage:3,264 SF
Transaction Type:Sale

A multifamily property located at 169 Bayard Street in Greenpoint, Brooklyn has been sold. The property is zoned as R6B and consists of a 2,400 square foot lot. The building has a total square footage of 3,264 and a buildable square footage of 4,800. The price for this transaction was $3,450,000, with a price per buildable square foot of $718 and a price per square foot of $1,056. The property has a floor area ratio (FAR) of 1.36 and is classified as tax class 1. This property was last sold on November 13, 2019, for $2,999,000. It received alteration permits on April 13, 2018, under permit type "Alteration 2." The lot dimensions are 24 feet by 100 feet.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,450,000
  • Market: Greenpoint, Brooklyn
  • Buyer: Kave Pourzanjani
  • Seller: Seth Schochet

Kave Pourzanjani represented the buyer in this transaction. Seth Schochet represented the seller.

Players

SS
Seth Schochet
2 deals$80.5M volume
SELLER

Details

SOLD
IMAGE: 08/30/2022 ADDRESS: 169 Bayard Street MARKET: Greenpoint, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Kave Pourzanjani SELLER: Seth Schochet PRICE: $3,450,000 BSF: 4,800 ~ PPBSF: $718 SF: 3,264 ~ PPSF: $1,056 FAR: 1.36 TAX CLASS: 1 LOT SIZE: 2,400 LAST SALE PRICE: $2,999,000 (11/13/2019) PERMITS: Alteration 2 (04/13/2018) LOT DIMENSION: 24 ft x 100 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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