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Alex T Bruce Acquires Apartment Building In Sheepshead Bay, Brooklyn For $15.3M

Property Image
SOLD
$15,340,649
AL
AB

New York

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MultiFamily67 SF
Sold 07/11/2022
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Property Image
SOLD

Alex T Bruce Acquires Apartment Building In Sheepshead Bay, Brooklyn For $15.3M

2815 Coyle Street, Brooklyn, New York 11235, United States

See Similar Deals
MultiFamily67 SF
Sold 07/11/2022
AL
AB
the dealplayerscompscontact
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$228,964
Total Square Footage:67 SF
Transaction Type:Sale

An apartment building located at 2815 Coyle Street in Sheepshead Bay, Brooklyn has been sold in a recent transaction. The property is zoned as R5 and has a lot size of 22,200 square feet. The building has a total square footage of 67,044 and a building square footage of 27,750. The sale price for this transaction was $15,340,649, resulting in a price per square foot of $228.

Summary of transation details

  • Property Type: Apartment Building
  • Transaction Amount: $15,340,649
  • Market: Sheepshead Bay, Brooklyn
  • Zoning: R5
  • Lot Size: 22,200 square feet
  • Building Square Footage: 27,750
  • Price per Square Foot: $228
  • Last Sale Price: $9,000,000 (12/12/2008)
  • Permits: Alteration 2 (11/13/2017)
  • Lot Dimensions: 222 ft x 100 ft

The buyer in this transaction is Alex T Bruce, while the seller is Arnold S Lehman. The property's floor area ratio (FAR) is 3.02, and it falls under tax class 2.

Players

AB
A & H Acquisitions
Alex T. Bruce
2 deals$72.8M volume
BUYER
AB
A&E Real Estate
Alex T. Bruce
2 deals$72.8M volume
BUYER
AL
Arnold S. Lehman
2 deals$72.8M volume
SELLER

Details

SOLD
IMAGE: 11/07/2022 ADDRESS: 2815 Coyle Street MARKET: Sheepshead Bay, Brooklyn ASSET TYPE: Apartment Building ~ ZONING: R5 BUYER: Alex T Bruce SELLER: Arnold S Lehman PRICE: $15,340,649 BSF: 27,750 ~ PPBSF: $552 SF: 67,044 ~ PPSF: $228 FAR: 3.02 TAX CLASS: 2 LOT SIZE: 22,200 LAST SALE PRICE: $9,000,000 (12/12/2008) PERMITS: Alteration 2 (11/13/2017) LOT DIMENSION: 222 ft x 100 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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