facebook
Traded Co logo
Submit

Adam Semler Acquires Multifamily Property On Henry Street For $4M

Property Image
SOLD
$4,000,000

New York

See Similar Deals
MultiFamily6,005 SF
Sold 06/22/2021
the dealplayerscompscontact
Property Image
SOLD

Adam Semler Acquires Multifamily Property On Henry Street For $4M

274 Henry Street, Brooklyn Heights, Brooklyn, NY, USA

See Similar Deals
MultiFamily6,005 SF
Sold 06/22/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$666
Total Square Footage:6,005 SF
Transaction Type:Sale

The multifamily property located at 274 Henry Street in Brooklyn Heights, Brooklyn has been sold in a closed transaction. The property is zoned as R6 with an LH-1 designation and has a lot size of 2,266 square feet. It features a total square footage of 6,005, with a building square footage (BSF) of 5,506. The price for this transaction was $4,000,000, resulting in a price per building square footage (PPBSF) of $726, and a price per square footage (PPSF) of $666. The property has a floor area ratio (FAR) of 2.65 and is classified under tax class 2B. Alteration permits were issued on June 4, 1999, under type 2.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $4,000,000
  • Market: Brooklyn Heights, Brooklyn
  • Zoning: R6, LH-1
  • Lot Size: 2,266 square feet
  • Square Footage: 6,005 (BSF: 5,506)
  • Price per Building Square Footage: $726
  • Price per Square Footage: $666
  • Floor Area Ratio: 2.65
  • Tax Class: 2B
  • Permits: Alteration type 2 (06/04/1999)

The buyer of the property is Adam Semler, while the seller is Peter Athineos. There are no further details available regarding the individuals or companies involved in the transaction.

Players

11 deals$51.2M volume
BUYER

2 deals$7.9M volume
SELLER

Details

SOLD
IMAGE: 06/22/2021 ADDRESS: 274 Henry Street MARKET: Brooklyn Heights,Brooklyn ASSET TYPE: Multifamily ~ ZONING: R6, LH-1 BUYER: Adam Semler SELLER: Peter Athineos PRICE: $4,000,000 BSF: 5,506 ~ PPBSF: $726 SF: 6,005 ~ PPSF: $666 FAR: 2.65 TAX CLASS: 2B LOT SIZE: 2,266 PERMITS: Alteration type 2 (06/04/1999) LOT DIMENSIONS: 25 ft x 92.5 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$213,333.32

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,211.17
Cash-on-Cash Return-1.27%
Monthly Debt Service$18,962.04
Annual Debt Service$227,544.49