Updated Dec 20, 2023
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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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