Updated Dec 19, 2023
Timothy Ryan Acquires Multifamily Property In Cobble Hill, Brooklyn For $5.31M
267 Warren Street, Brooklyn, New York 11201, United States
$5,310,000
$1,655/SF
Building Size
3,208 SF
Asset Type
MultiFamily
Closing
May 5, 2022
About this deal
AI
The multifamily property located at 267 Warren Street in Cobble Hill, Brooklyn has been sold. The transaction took place on 05/06/2022. The property is zoned as R6B and has a lot size of 2,083 square feet with dimensions of 20.83 feet by 100 feet. The property is classified under tax class 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,310,000
- Buyer: Timothy Ryan
- Seller: Alan Ignatius
- Building Square Footage: 3,208
- Price per Square Foot: $1,655
- Building Square Footage (BSF): 4,166
- Price per BSF: $1,274
- FAR: 1.54
- Permits: Alteration 2 (11/06/2013)
The buyer in this transaction is Timothy Ryan, while the seller is Alan Ignatius. The property was purchased for a total amount of $5,310,000. The building has a square footage of 3,208 with a price per square foot of $1,655. The building's BSF is 4,166, with a price per BSF of $1,274. The property's floor area ratio (FAR) is 1.54. It had previously undergone an alteration permit on 11/06/2013.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93