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5 Saint Felix Street, Brook...

Updated Dec 21, 2023

Akihiro Matsukawa Acquires Multifamily Property On Saint Felix Street For $3.06M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1K per square foot on a published $3.1M for 2,995 square feet (2022).

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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

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