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
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