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229 Calyer St, Brooklyn, NY...

Updated Oct 29, 2024

Calyer Holdings LLC Acquires Property At 229 Calyer St Brooklyn For $1.3M With IPRG's Representatives
SOLDMultiFamily

Calyer Holdings LLC Acquires Property At 229 Calyer St Brooklyn For $1.3M With IPRG's Representatives

229 Calyer St, Brooklyn, NY, 11222

$1,300,000

Building Size

Asset Type

MultiFamily

Closing

Apr 9, 2021

About this deal

AI

The property located at 229 Calyer St, Brooklyn, NY, 11222, was sold for $1,300,000. This multifamily asset features eight apartments and is situated at the intersection of McGuinness Blvd and Eckford Street. The zoning classification for this property is R7A, C2-4, with a Floor Area Ratio (FAR) of 4 and a tax class of 2B.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000.00
  • Address: 229 Calyer St, Brooklyn, NY, 11222
  • Market: Brooklyn
  • Buyer: Calyer Holdings LLC
  • Seller: 229 Calyer Street LLC
  • Buyer's Representatives: Corey Haynes, Hakeem Lecky (Investment Property Realty Group (IPRG))
  • Seller's Representatives: Derek Bestreich, Luke Sproviero, Donal Flaherty, Hakeem Lecky, Corey Haynes

The transaction was represented by multiple individuals from Investment Property Realty Group (IPRG), indicating a collaborative effort in facilitating the sale from both the buyer's and seller's side. Key representatives involved include Corey Haynes and Hakeem Lecky for the buyer and Derek Bestreich, Luke Sproviero, Donal Flaherty for the seller.

Players

Corey Haynes

Investment Property Realty Group (IPRG)

Broker

$256.5M

vol

64 deals

Broker

Brooklyn 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

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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