Updated Dec 21, 2023
Gideon Asher Acquires Multifamily Property On 224 Wyckoff Street In Gowanus, Brooklyn For $3.34M
224 Wyckoff Avenue, Brooklyn, New York 11237, United States
$3,343,000
$1,396/SF
Building Size
2,394 SF
Asset Type
MultiFamily
Closing
Jan 6, 2022
About this deal
AI
A multifamily property located at 224 Wyckoff Street in Gowanus, Brooklyn has been sold. The property has a total square footage of 2,394 and sits on a lot size of 1,800. The transaction took place on January 7, 2022, and the property was sold for a price of $3,343,000. The buyer of the property is Gideon Asher, while the seller is Veena Mohandoss.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,343,000
- Market: Gowanus, Brooklyn
- Zoning: R6B
- Square Footage: 2,394
- Price per Square Foot: $1,396
- Lot Size: 1,800
The property has a building square footage (BSF) of 3,600, resulting in a price per BSF of $928. The floor area ratio (FAR) is 1.33, and the property falls under tax class 1. The lot dimensions are 18 ft x 100 ft. The property previously underwent an alteration on June 2, 2016, with permits issued.
Note: No additional information about the property or the deal's key individuals and companies is available.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.75%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93