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Roni Safdieh Acquires Multifamily Property In Gravesend, Brooklyn For $4.5M

Property Image
SOLD
$4,500,000

New York

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MultiFamily2,788 SF
Sold 05/16/2022
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Property Image
SOLD

Roni Safdieh Acquires Multifamily Property In Gravesend, Brooklyn For $4.5M

2256 Ocean Parkway, Brooklyn, New York 11223, United States

See Similar Deals
MultiFamily2,788 SF
Sold 05/16/2022
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,614
Total Square Footage:2,788 SF
Transaction Type:Sale

A multifamily property located at 2256 Ocean Parkway in Gravesend, Brooklyn has been sold for $4,500,000. The property has a total square footage of 2,788 and a price per square foot of $1,614. The building includes 3,218 square feet of buildable floor area, resulting in a price per buildable square foot of $1,398. The lot size is 4,290 square feet, with dimensions of 33 ft x 130 ft. The property is zoned as R4 with an additional OP designation. The transaction took place on May 16, 2022.

Summary of Transaction Details

  • Property Type: Multifamily
  • Transaction Amount: $4,500,000
  • Buildable Square Footage: 3,218
  • Price per Buildable Square Foot: $1,398
  • Square Footage: 2,788
  • Price per Square Foot: $1,614
  • Lot Size: 4,290 square feet
  • Lot Dimension: 33 ft x 130 ft
  • Zoning: R4, OP
  • Tax Class: 1

Roni Safdieh was the buyer in the transaction, while the seller was Raymond Gindi.

Players

7 deals$322.6M volume
SELLER

Details

SOLD
IMAGE: 05/16/2022 ADDRESS: 2256 Ocean Parkway MARKET: Gravesend, Brooklyn ASSET TYPE: Multifamily ~ ZONING: R4, OP BUYER: Roni Safdieh SELLER: Raymond Gindi PRICE: $4,500,000 BSF: 3,218 ~ PPBSF: $1,398 SF: 2,788 ~ PPSF: $1,614 FAR: 0.65 TAX CLASS: 1 LOT SIZE: 4,290 LOT DIMENSION: 33 ft x 130 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$240,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,987.55
Cash-on-Cash Return-1.27%
Monthly Debt Service$21,332.30
Annual Debt Service$255,987.55