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2256 Ocean Parkway, Brookly...

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

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

Raymond Gindi

Seller

$322.6M

vol

7 deals

Seller

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

3.53%

Cash-on-Cash

-1.01%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93