Updated Oct 25, 2024
Samuel Kooris Acquires Apartment In Bedford-Stuyvesant, Brooklyn For $3.7M
223 Bainbridge Street, Brooklyn, New York 11233, United States
$3,700,000
$400/SF
Building Size
9,240 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
About this deal
AI
The property asset involved in this transaction is an apartment located at 223 Bainbridge Street in the Bedford-Stuyvesant neighborhood of Brooklyn. The property is zoned as R6B and has a total buildable square footage (BSF) of 6,000. The price for the property was $3,700,000, with a price per buildable square footage (PPBSF) of $616. The property has a total square footage (SF) of 9,240, with a price per square foot (PPSF) of $400. The lot size is 3,000 square feet and the lot dimensions are 30 feet by 100 feet. The previous sale price of the property was $2,600,000 on 04/02/2015, and there was an alteration permit issued on 03/08/2016.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $3,700,000
- Market: Bedford-Stuyvesant, Brooklyn
In this transaction, the buyer of the property was Samuel Kooris and the seller was Eugene F. DelFavero.
It is important to note that the property has a floor area ratio (FAR) of 3.08 and falls under tax class 2B.
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
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93