Updated Dec 20, 2024
Apartment Building In Brighton Beach, Brooklyn For $13.8M
3364 Guider Avenue, Brooklyn, New York 11235, United States
$13,800,000
$339/SF
Building Size
40,675 SF
Asset Type
MultiFamily
Closing
Mar 30, 2022
About this deal
AI
The property asset involved in this transaction is an apartment located at 3364 Guider Avenue in Brighton Beach, Brooklyn. The total price of the property is $13,800,000. It encompasses a total square footage of 40,675 square feet, with a building size of 22,162 square feet, resulting in a price per square foot of $339. The asset operates under R6, OP zoning and has a floor area ratio (FAR) of 4.46. The assessed tax class is 2, and the lot size measures 9,120 square feet with dimensions of 37.91 feet by 101.75 feet. There are existing permits for alteration, issued on 08/24/2011.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $13,800,000
- Building Size: 22,162
- Price per Building Square Foot: $622
- Total Square Footage: 40,675
- Price per Square Foot: $339
- Floor Area Ratio (FAR): 4.46
- Tax Class: 2
- Lot Size: 9,120
- Lot Dimensions: 37.91 ft x 101.75 ft
- Seller: Sheikh Ullah
Sheikh Ullah is noted as the seller in this transaction, representing the ownership of the property. Specific details regarding the broker or representation in this deal are not provided in the context.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93