Updated Oct 25, 2024
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
About this deal
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