Updated Dec 18, 2023
Darian Salazar Acquires Multifamily Property In Canarsie For $7.25M
519 East 84th Street, New York City, New York 10028, United States
$7,250,000
$1,812/SF
Building Size
4,000 SF
Asset Type
MultiFamily
Closing
Feb 15, 2022
About this deal
AI
Located at 519 East 84th Street in Canarsie, Manhattan, this multifamily property was recently sold in a closed transaction. The property is zoned as M1-1 and has a total lot size of 4,000 square feet. It features a building square footage (BSF) of 4,000 and a price per BSF of $1,812. The property has a floor area ratio (FAR) of 1.00 and falls under tax class 4. Notably, the property obtained an alteration permit on July 6, 2017.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $7,250,000
- Buyer: Darian Salazar
- Seller: Joseph Faccibene Jr
- Price per Square Foot (PPSF): $1,812
- Square Footage (SF): 4,000
- Lot Size: 4,000 square feet
- Lot Dimension: 50 ft x 80 ft
- Permits: Alteration 2 (07/06/2017)
In this transaction, Darian Salazar served as the buyer, acquiring the property from Joseph Faccibene Jr. While the deal price was $7,250,000, the price per square foot stood at $1,812. The transaction involved a property with a lot size of 4,000 square feet and a building square footage of 4,000. The lot has dimensions measuring 50 ft x 80 ft. It's worth mentioning that an alteration permit was obtained for the property on July 6, 2017.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.19%
Cash-on-Cash
-0.63%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93