Updated Dec 21, 2023
Alejandro Baez-sacasa Acquires Multifamily Property In Brooklyn Heights For $3.85M
63 Joralemon Street, Brooklyn, New York 11201, United States
$3,850,000
$1,268/SF
Building Size
3,036 SF
Asset Type
MultiFamily
Closing
Jan 24, 2022
About this deal
AI
A multifamily property located at 63 Joralemon Street in Brooklyn Heights, Brooklyn has been sold. The property is zoned as R6 and LH-1, allowing for mixed-use development. The sale took place on January 25, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $3,850,000
- Building Square Footage: 3,036
- Price per Square Foot: $1,268
- Land Square Footage: 1,380
- Building Square Footage (BSF): 3,353
- Price per Building Square Foot (PPBSF): $1,148
- Floor Area Ratio (FAR): 2.20
- Tax Class: 1
- Permits: Alteration 3 (07/11/2006)
- Lot Dimension: 20.83 ft x 68.83 ft
The buyer of the property is Alejandro Baez-sacasa, while the seller is Erica Zurer. Both parties were represented by their respective brokers in the deal.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.12%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93