Updated Dec 21, 2023
Anisa Javeri Acquires Multifamily Property In Fort Greene, Brooklyn For $3.8M
226 Cumberland Street, Brooklyn, New York 11205, United States
$3,800,000
$1,485/SF
Building Size
2,558 SF
Asset Type
MultiFamily
Closing
Aug 14, 2022
About this deal
AI
The property involved in this transaction is a multifamily building located at 226 Cumberland Street, in the Fort Greene neighborhood of Brooklyn. The property has a zoning classification of R6B and sits on a lot size of 1,650 square feet. The building has a total square footage of 3,300, with each unit comprising approximately 2,558 square feet. The property was sold for a price of $3,800,000, resulting in a price per square foot of $1,485. The buyer in this transaction was Anisa Javeri, while the seller was Tove C Leonard.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Market: Fort Greene, Brooklyn
- Zoning: R6B
- Lot Size: 1,650 sq ft
The building has a floor area ratio (FAR) of 1.55 and falls under tax class 1. The previous sale of the property took place on January 19, 2010, at a price of $1,050,000. An alteration permit was issued on June 29, 2011, labeled as Alteration 2. The lot dimensions are 16.5 feet by 100 feet.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93