Jack Cayre Acquires Gravesend Multifamily From Harry Catton For $6M
2044 East 3rd Street, Gravesend, Brooklyn, NY, USA
$6,000,000
$2,083/SF
Building Size
2,880 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
AI
The multifamily property located at 2044 East 3 Street in Gravesend has been sold in a recent transaction. The property is zoned as R2X and OP, with a lot size of 4,000 square feet and dimensions of 40 feet by 100 feet. It features a total building area of 3,400 square feet and a selling price of $6,000,000. The price per square foot for this transaction is $1,764.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,000,000
- Market: Gravesend
- Zoning: R2X, OP
- Lot Size: 4,000 square feet
The buyer involved in this transaction is Jack Cayre, while the seller is Harry Catton. The property has a floor area ratio (FAR) of 0.72 and is classified under tax class 1. Additionally, it has an alteration permit issued on 08/03/1994.
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