Updated Dec 21, 2023
Nicolas Tordjman Acquires Multifamily Property In Windsor Terrace For $3.2M
503 17th Street, Brooklyn, New York 11215, United States
$3,200,000
$1,581/SF
Building Size
2,023 SF
Asset Type
MultiFamily
Closing
Sep 29, 2022
About this deal
AI
A multifamily property located at 503 17th Street in Windsor Terrace, Brooklyn has been sold for a price of $3,200,000. The property has a building square footage (BSF) of 2,257 and a price per BSF (PPBSF) of $1,417. The total square footage (SF) of the property is 2,023, with a price per square foot (PPSF) of $1,581. The property is zoned as R5B and has a floor area ratio (FAR) of 1.21. The tax class for the property is 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,200,000
- Address: 503 17th Street, Windsor Terrace, Brooklyn
- Market: Windsor Terrace, Brooklyn
- Zoning: R5B
- Building Square Footage (BSF): 2,257
- Price per BSF (PPBSF): $1,417
- Total Square Footage (SF): 2,023
- Price per Square Foot (PPSF): $1,581
- Floor Area Ratio (FAR): 1.21
- Tax Class: 1
The buyer of the property is Nicolas Tordjman, while the seller is Gareth Goodall.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93