Updated Dec 21, 2023
Anne Keane Acquires Multifamily Property In Boerum Hill, Brooklyn For $7M
366 State Street, Brooklyn, New York 11217, United States
$7,000,000
$1,730/SF
Building Size
4,046 SF
Asset Type
MultiFamily
Closing
Aug 14, 2022
About this deal
AI
The property at 366 State Street, located in Boerum Hill, Brooklyn, was recently sold in a multifamily asset transaction. The property is zoned as R6B, R7A, C2-4, and DB, allowing for various uses. The sale took place on 08/15/2022, with the buyer identified as Anne Keane and the seller as Rebecca Wright.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,000,000
- Building Square Footage: 4,150
- Price per Building Square Foot: $1,686
- Lot Square Footage: 2,075
- Price per Square Foot: $1,730
- Floor Area Ratio (FAR): 1.95
- Tax Class: 1
- Permits: Alteration 1 (04/07/2005)
- Lot Dimensions: 20.75 ft x 100 ft
The deal involved several zoning designations, including R6B, R7A, C2-4, and DB, allowing for a range of development options on the property. The sale price was $7,000,000, with a building square footage of 4,150 and a lot size of 2,075 square feet. The property's price per building square foot was $1,686, and the price per square foot was $1,730. The transaction also included an alteration permit issued on 04/07/2005.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.27%
Cash-on-Cash
-0.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93