Updated Dec 21, 2023
Akihiro Matsukawa Acquires Multifamily Property On Saint Felix Street For $3.06M
5 Saint Felix Street, Brooklyn, New York 11217, United States
$3,060,000
$1,021/SF
Building Size
2,995 SF
Asset Type
MultiFamily
Closing
Apr 10, 2022
About this deal
AI
The multifamily property located at 5 Saint Felix Street in Fort Greene, Brooklyn has been sold. The transaction took place on 04/11/2022. The property is zoned as R6B and has a lot size of 1,593 square feet. The building has a total of 3,186 square feet and a price per square foot of $960. The sale price for the property was $3,060,000, with a price per square foot of $1,021.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,060,000
- Market: Fort Greene, Brooklyn
- Buyer: Akihiro Matsukawa
- Seller: Jacqueline Craig
- Building Square Footage: 3,186
- Price per Square Foot: $960
- Land Square Footage: 1,593
Akihiro Matsukawa purchased the property from Jacqueline Craig. The property has a floor area ratio (FAR) of 1.88 and is classified as tax class 1. It is worth noting that an alteration permit was issued for the property on 04/27/2007.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93