Samuel Kooris Acquires Bedford-Stuyvesant Apartment For $3.875M
475 Hancock Street, Brooklyn, New York 11233, United States
$3,875,000
$416/SF
Building Size
9,295 SF
Asset Type
MultiFamily
Closing
Aug 2, 2022
AI
An apartment building located at 475 Hancock Street in Bedford-Stuyvesant, Brooklyn has been sold in a recent transaction. The property, with a lot size of 3,250 square feet and dimensions of 32.5 feet by 100 feet, is zoned as R6B. The sale took place on August 3, 2022, with a purchase price of $3,875,000. The building has a total square footage of 9,295, resulting in a price per square foot of $416. The buyer, Samuel Kooris, acquired the property from Eugene F. DelFavero. The previous sale of the property occurred on March 19, 2015, with a price of $2,100,000. It is worth noting that an alteration permit was issued on February 11, 2016.
Summary of transaction details
- Property Type: Apartment
- Transaction Amount: $3,875,000
- Market: Bedford-Stuyvesant, Brooklyn
- Zoning: R6B
- Buyer: Samuel Kooris
- Seller: Eugene F. DelFavero
- Building Square Footage: 9,295
- Price per Square Foot: $416
- Lot Size: 3,250 square feet
- Last Sale Price: $2,100,000 (03/19/2015)
- Permits: Alteration 2 (02/11/2016)
- Lot Dimension: 32.5 ft x 100 ft
This transaction brings together Samuel Kooris as the buyer and Eugene F. DelFavero as the seller. The building, located at 475 Hancock Street, offers a total of 9,295 square feet of space for residential purposes. The property's previous sale price was $2,100,000 on March 19, 2015. The recent transaction involved a purchase price of $3,875,000, resulting in a price per square foot of $416. Additionally, an alteration permit was issued on February 11, 2016, suggesting potential modifications to the building.
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
4.09%
Cash-on-Cash
-1.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93