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371 Greene Avenue, Brooklyn...

Updated Dec 19, 2023

Katelyn C Mulligan Acquires Multifamily Property On Greene Avenue In Bedford-Stuyvesant, Brooklyn
SOLDMultiFamily

Katelyn C Mulligan Acquires Multifamily Property On Greene Avenue In Bedford-Stuyvesant, Brooklyn

371 Greene Avenue, Brooklyn, New York 11216, United States

$3,125,000

$1,157/SF

Building Size

2,699 SF

Asset Type

MultiFamily

Closing

Apr 6, 2022

About this deal

AI

The multifamily property located at 371 A Greene Avenue in Bedford-Stuyvesant, Brooklyn has been sold in a closed transaction. The property is zoned as R6B, indicating its designated use for multifamily purposes. The transaction took place on 04/07/2022.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,125,000
  • Market: Bedford-Stuyvesant, Brooklyn
  • Asset Type: Multifamily
  • Zoning: R6B

The buyer in this transaction was Katelyn C Mulligan, while the seller was Susan Choi. The sale price for the property was $3,125,000. The building has a BSF (Building Square Footage) of 4,284, resulting in a price per BSF of $729. The total square footage of the property is 2,699, with a price per square foot (PPSF) of $1,157.

The property's floor area ratio (FAR) is 1.26, indicating the total permitted floor area relative to the lot size. The tax class for the property is 2A. The lot size is measured at 2,142 square feet, with dimensions of 20 ft x 107.5 ft. The last recorded sale of the property was on 09/24/2007 for a price of $452,500.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.1M for 2,699 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.08%

Cash-on-Cash

-1.45%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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