Brandon J Hall Acquires Multifamily Property In Cobble Hill, Brooklyn For $5.1M
462 Henry Street, Cobble Hill, Brooklyn, NY, USA
$5,100,000
$1,447/SF
Building Size
3,524 SF
Asset Type
MultiFamily
Closing
May 31, 2021
AI
Located at 462 Henry Street in Cobble Hill, Brooklyn, this multifamily property was recently sold in a closed transaction. The property is zoned as R6, LH-1, allowing for multiple units to be housed. With a building square footage (BSF) of 4,731, the price per BSF (PPBSF) comes out to be $1,077. The total area of the property is 3,524 square feet, giving it a price per square foot (PPSF) of $1,447. The lot size is 1,947, and the lot dimensions measure 22 ft x 88.5 ft. The property has a floor area ratio (FAR) of 1.81 and falls under tax class 1. It was last sold on April 28, 2008, for $2,500,000. A permit for alteration type 1 was issued on January 5, 2012.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $5,100,000
- Buyer: Brandon J Hall
- Seller: Christophe Petit
Brandon J Hall, represented by his broker, was the buyer in this transaction. Christophe Petit was the seller. The deal closed on June 1, 2021. Additionally, it's worth noting that the property has a tax class of 1.
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
3.11%
Cash-on-Cash
-0.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93