Updated Dec 21, 2023
Aasif Hakim Mandviwala Acquires Multifamily Property In Cobble Hill, Brooklyn For $3.6M
309 Warren Street, Brooklyn, New York 11201, United States
$3,600,000
$1,304/SF
Building Size
2,760 SF
Asset Type
MultiFamily
Closing
Sep 14, 2022
About this deal
AI
A multifamily property located at 309 Warren Street in Cobble Hill, Brooklyn has been sold for $3,600,000. The property has a building square footage (BSF) of 4,500 and a price per square foot (PPSF) of $800. The lot size is 1,500 square feet and the lot dimensions are 20 ft x 75 ft. The property is zoned as R6A, C2-4 and has a floor area ratio (FAR) of 1.84. The property is classified as tax class 1. The seller of the property is Eric Benn.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Market: Cobble Hill, Brooklyn
- Zoning: R6A, C2-4
The buyer of the property is Aasif Hakim Mandviwala. The transaction date is 09/15/2022. The property had previously undergone an alteration permit on 08/01/2000.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93