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2301 Avenue L, Brooklyn, Ne...

Updated Dec 21, 2023

Arman Ohevshalom Acquires Multifamily Property In Midwood, Brooklyn For $4.55M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.3K per square foot on a published $4.6M for 3,500 square feet (2022).

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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

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