Roni Safdieh Acquires Multifamily Property In Gravesend, Brooklyn For $4.5M
2256 Ocean Parkway, Brooklyn, New York 11223, United States
$4,500,000
$1,614/SF
Building Size
2,788 SF
Asset Type
MultiFamily
Closing
May 15, 2022
AI
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
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.53%
Cash-on-Cash
-1.01%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93