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462 Henry Street, Cobble Hi...

Updated Oct 25, 2024

Bilt advertisement
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

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.

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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Deal FAQ

About $1.4K per square foot on a published $5.1M for 3,524 square feet (2021).

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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

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