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224 Wyckoff Avenue, Brookly...

Updated Dec 21, 2023

Gideon Asher Acquires Multifamily Property On 224 Wyckoff Street In Gowanus, Brooklyn For $3.34M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $3.3M for 2,394 square feet (2022).

Browse New York multifamily sales on Traded.

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

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