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461 43rd St, Brooklyn, NY 1...

Updated Dec 20, 2023

Resk Ali Acquires Multifamily Property In Sunset Park For $3M
SOLDMultiFamily

Resk Ali Acquires Multifamily Property In Sunset Park For $3M

461 43rd St, Brooklyn, NY 11232, USA

$1,300,000

$43/SF

Building Size

29,630 SF

Asset Type

MultiFamily

Closing

May 20, 2020

About this deal

AI

The multifamily property located at 4301 4th Avenue in Sunset Park, Brooklyn has been sold in a recent transaction. The property, with a zoning designation of R7A and C2-4, offers a total buildable square footage (BSF) of 8,052. The price for this property was $3,000,000, resulting in a price per square foot (PPSF) of $615. The total square footage (SF) of the property is 4,871. The property has a floor area ratio (FAR) of 2.42 and falls under tax class 1. The lot size is 2,013 square feet and is subject to an alteration permit from September 18, 2008. The lot dimensions measure 25.17 feet by 80 feet.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Buyer: Resk Ali
  • Seller: Helen Lee

Resk Ali acted as the buyer in this transaction, while Helen Lee served as the seller. The property's unique selling points, including its price, square footage, and market value, have been highlighted in the previous paragraph. It is important to note that the property's significant features and characteristics have already been presented and should not be repeated in this paragraph.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $43 per square foot on a published $1.3M for 29,630 square feet (2020).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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