facebook
Traded Co logo
Submit

Danny Zelouf Acquires Multifamily Property In DUMBO, Brooklyn For $8.5M

Property Image
SOLD
$8,533,000

New York

See Similar Deals
MultiFamily17,407 SF
Sold 05/24/2021
the dealplayerscompscontact
Property Image
SOLD

Danny Zelouf Acquires Multifamily Property In DUMBO, Brooklyn For $8.5M

53 Pearl Street, Dumbo, Brooklyn, NY, USA

See Similar Deals
MultiFamily17,407 SF
Sold 05/24/2021
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$490
Total Square Footage:17,407 SF
Transaction Type:Sale

The multifamily property located at 53 Pearl Street in DUMBO, Brooklyn was sold on May 24, 2021. The property has a total square footage of 17,407 and a price per square footage of $490. The building has a total of 25,748 square feet and a price per square foot of $331. The sale price for the property was $8,533,000. The property is zoned as M1-4/R8A, MX-2, and has a FAR of 4.07. The tax class for the property is 4. The lot size is 4,277.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $8,533,000
  • Market: DUMBO, Brooklyn

The buyer of the property is Danny Zelouf, and the seller is Thomas Masotto. The property had previously undergone an alteration type 1 permit on August 19, 2013. The lot dimensions are 47.08 feet x 91.17 feet.

Players

4 deals$36.2M volume
BUYER

Details

SOLD
IMAGE: 05/24/2021 ADDRESS: 53 Pearl Street MARKET: DUMBO,Brooklyn ASSET TYPE: Multifamily ~ ZONING: M1-4/R8A, MX-2 BUYER: Danny Zelouf SELLER: Thomas Masotto PRICE: $8,533,000 BSF: 25,748 ~ PPBSF: $331 SF: 17,407 ~ PPSF: $490 FAR: 4.07 TAX CLASS: 4 LOT SIZE: 4,277 PERMITS: Alteration type 1 (08/19/2013) LOT DIMENSIONS: 47.08 ft x 91.17 ft

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$455,093.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$30,315.95
Cash-on-Cash Return-1.27%
Monthly Debt Service$40,450.77
Annual Debt Service$485,409.28