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503 17th Street, Brooklyn, ...

Updated Dec 21, 2023

Nicolas Tordjman Acquires Multifamily Property In Windsor Terrace For $3.2M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $3.2M for 2,023 square feet (2022).

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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

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