Updated Dec 21, 2023
Susan Leist Acquires Multi Family Property In Ditmas Park, Brooklyn For $10.5M
1710 Cortelyou Road, Little Haiti, Brooklyn, NY, USA
$10,529,200
$78/SF
Building Size
133,716 SF
Asset Type
MultiFamily
Closing
Oct 28, 2021
About this deal
AI
A multi-family property located at 1710 Cortelyou Road in Ditmas Park, Brooklyn has been sold in a transaction that closed on October 29, 2021. The property is zoned as R7A and has a floor area ratio (FAR) of 4.04. The tax class for the property is 2. The lot size is 33,120 square feet, with dimensions of 135 feet by 200 feet.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $10,529,200
- Buyer: Susan Leist
- Seller: Seth Leist
The property was sold for a price of $10,529,200. It has a total building square footage (BSF) of 132,480, resulting in a price per building square footage (PPBSF) of $79. The property also has a total square footage (SF) of 133,716, with a price per square footage (PPSF) of $79. The previous sale of the property took place on February 26, 2003, with a sale price of $0.
The deal was facilitated by Susan Leist, who represented the buyer, and Seth Leist, who represented the seller.
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
1.51%
Cash-on-Cash
-0.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93