Updated Dec 21, 2023
Jennifer Ng Acquires Multifamily Property On Warren Street In Cobble Hill For $3.75M
251 Warren Street, Brooklyn, New York 11201, United States
$3,750,000
$1,408/SF
Building Size
2,662 SF
Asset Type
MultiFamily
Closing
Jun 9, 2022
About this deal
AI
A multifamily property located at 251 Warren Street in Cobble Hill, Brooklyn has been sold in a recent transaction. The property is zoned as R6B and has a floor area ratio (FAR) of 1.42. The tax class of the property is 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,750,000
- Address: 251 Warren Street, Cobble Hill, Brooklyn
- Zoning: R6B
The buyer in this transaction is Jennifer Ng, while the seller is Stephen G Peck.
The property was sold for a price of $3,750,000. It has a building square footage (BSF) of 3,750, resulting in a price per BSF (PPBSF) of $1,000. The property itself has a total square footage (SF) of 2,662, making the price per square foot (PPSF) $1,408.
The lot size of the property is 1,875, with dimensions of 18.75 ft x 100 ft.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.23%
Cash-on-Cash
-1.21%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93