Updated Dec 22, 2023
Deva Mishra Acquires Multifamily Property On Tompkins Place For $5.375M
19 Tompkins Place, Cobble Hill, Brooklyn, NY, USA
$5,375,000
$1,504/SF
Building Size
3,573 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
About this deal
AI
Located at 19 Tompkins Place in Cobble Hill, this multifamily property was recently sold in a closed transaction. The property features a total building square footage (BSF) of 6,836, with a price per BSF (PPBSF) of $786. The total square footage (SF) of the property is 3,573, with a price per square foot (PPSF) of $1504. The property is zoned as R6 and has a floor area ratio (FAR) of 1.27. The tax class of the property is 1, and the lot size is 2,813 square feet. The lot dimension measures 25 feet by 112.5 feet. This property previously sold for $4,475,000 on August 27, 2019. It has also undergone an alteration permit on March 14, 2003.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,375,000
- Buyer: Deva Mishra
- Seller: Graham Manley
The buyer's representative for this transaction was Deva Mishra from an undisclosed agency. The seller in this deal was Graham Manley. The property was sold for a price of $5,375,000, with a price per BSF of $786. The lot size of the property is 2,813 square feet, and its last sale price was $4,475,000 on August 27, 2019. It is important to note that the property has a FAR of 1.27 and is zoned as R6.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93