Updated Dec 21, 2023
Arman Ohevshalom Acquires Multifamily Property In Midwood, Brooklyn For $4.55M
2301 Avenue L, Brooklyn, New York 11210, United States
$4,550,000
$1,300/SF
Building Size
3,500 SF
Asset Type
MultiFamily
Closing
Mar 27, 2022
About this deal
AI
The multifamily property located at 2301 Avenue L in Midwood, Brooklyn has been sold for a total price of $4,550,000. The property has a building square footage (BSF) of 2,500 with a price per BSF (PPBSF) of $1,820. The total square footage (SF) of the property is 3,500, and it has a price per square foot (PPSF) of $1,300. The property has a floor area ratio (FAR) of 0.70 and falls under tax class 1. The lot size is 5,000, and it has dimensions of 50 ft x 100 ft. The property previously underwent an alteration permit on February 17, 2005.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,550,000
- Market: Midwood, Brooklyn
- Zoning: R2
- Buyer: Arman Ohevshalom
- Seller: Murray Dana
- BSF: 2,500
- PPBSF: $1,820
- SF: 3,500
- PPSF: $1,300
- FAR: 0.70
- Tax Class: 1
- Lot Size: 5,000
- Permits: Alteration 1 (02/17/2005)
- Lot Dimension: 50 ft x 100 ft
The buyer in this transaction is Arman Ohevshalom, and the seller is Murray Dana.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.49%
Cash-on-Cash
-1.00%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93