Updated Dec 21, 2023
Erin Stabb Acquires Multifamily Property In Windsor Terrace For $3.3M
535 17th Street, Brooklyn, New York 11215, United States
$3,265,000
$1,701/SF
Building Size
1,919 SF
Asset Type
MultiFamily
Closing
Jul 27, 2022
About this deal
AI
The multifamily property located at 535 17th Street in Windsor Terrace, Brooklyn has been sold in a closed transaction. The property is zoned as R5B and has a lot size of 2,340 square feet. The last sale of the property was recorded on December 3, 2012, with a price of $1,132,000. An alteration permit was issued on November 21, 2017.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,265,000
- Address: 535 17th Street
- Market: Windsor Terrace, Brooklyn
- Buyer: Erin Stabb
- Seller: Adrian Smith
- Building Square Footage: 3,159
- Price per Building Square Foot: $1,033
- Lot Dimension: 20.08 ft x 118.92 ft
- Building Square Footage: 1,919
- Price per Square Foot: $1,701
- Floor Area Ratio (FAR): 0.82
- Tax Class: 1
The buyer, Erin Stabb, and the seller, Adrian Smith, were the key individuals involved in this transaction. The deal closed on July 28, 2022.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.86%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93