Updated Dec 18, 2023
James Stafford Acquires Multifamily Property In Cobble Hill, Brooklyn For $4.9M
195 Congress Street, Cobble Hill, Brooklyn, NY, USA
$8,500,000
$2,122/SF
Building Size
4,005 SF
Asset Type
MultiFamily
Closing
Aug 30, 2021
About this deal
AI
A multifamily property located at 183 Amity Street in Cobble Hill, Brooklyn has recently been sold for $4,900,000. The property has a building square footage of 3,449, with a price per square foot of $1,420. The buyer of the property is James Stafford, while the seller is Nina Gottlieb. The transaction took place on March 16, 2023. The property is zoned as R6 and LH-1, with a floor area ratio (FAR) of 1.38. The property falls under tax class 2A and has a lot size of 2,499 square feet, measuring 25 feet by 100 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,900,000
- Buyer: James Stafford
- Seller: Nina Gottlieb
- Building Square Footage: 3,449
- Price per Square Foot: $1,420
- Zoning: R6, LH-1
- Floor Area Ratio (FAR): 1.38
- Tax Class: 2A
- Lot Size: 2,499 square feet
- Lot Dimension: 25 ft x 100 ft
The sale of this property in Cobble Hill was facilitated by James Stafford as the buyer's representative. This transaction serves as a significant milestone for both the buyer and the seller, marking a successful real estate deal in the Cobble Hill market. The property's location and characteristics make it a desirable asset within the multifamily residential sector.
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
1.87%
Cash-on-Cash
-0.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93