Updated Dec 21, 2023
Charles Penner Acquires Multifamily Property In Brooklyn Heights For $10.3M
47 Sidney Place, Brooklyn Heights, Brooklyn, NY, USA
$10,350,000
$2,216/SF
Building Size
4,669 SF
Asset Type
MultiFamily
Closing
Apr 14, 2021
About this deal
AI
A multifamily property located at 47 Sidney Place in Brooklyn Heights, Brooklyn has been sold for a price of $10,350,000. The property has a building square footage of 7,718 with a price per square foot of $1,341. The total lot size is 3,176 square feet. The property was last sold on March 16, 2018, for a price of $3,810,000. Previous alteration permits were issued on May 27, 2010.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $10,350,000
- Market: Brooklyn Heights, Brooklyn
- Buyer: Charles Penner
- Seller: Matthew Luckett
Charles Penner acted as the buyer in this transaction, while Matthew Luckett was the seller. The property is located in Brooklyn Heights, a neighborhood in Brooklyn. The buyer purchased the property for a price of $10,350,000, and the seller was Matthew Luckett. The property has a square footage of 7,718, with a price per square foot of $1,341. The lot dimensions are 23 ft x 138.08 ft. The property was last sold on March 16, 2018, for a price of $3,810,000. Alteration permits were issued on May 27, 2010.
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
1.53%
Cash-on-Cash
-0.44%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93