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462 Henry Street, Cobble Hi...

Brandon J Hall Acquires Multifamily Property In Cobble Hill, Brooklyn For $5.1M
SOLDMultiFamily

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.

Players

Christophe Petit

PR Group Florida

Seller

$52.5M

vol

4 deals

Seller

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