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643 17th Street, Brooklyn, ...

Updated Dec 21, 2023

Harsher Singh Acquires Multifamily Property On 17th Street In Windsor Terrace, Brooklyn For $3.3M
SOLDMultiFamily

Harsher Singh Acquires Multifamily Property On 17th Street In Windsor Terrace, Brooklyn For $3.3M

643 17th Street, Brooklyn, New York 11218, United States

$3,300,000

$1,168/SF

Building Size

2,824 SF

Asset Type

MultiFamily

Closing

Jun 29, 2022

About this deal

AI

The multifamily property located at 643 17th Street in Windsor Terrace, Brooklyn has been sold. The property is zoned as R5B and C1-3, allowing for residential and commercial use. The transaction took place on June 30, 2022.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,300,000
  • Market: Windsor Terrace, Brooklyn
  • Buyer: Harsher Singh
  • Seller: Dmitri Chitov

The property was sold for a price of $3,300,000. The building has a total square footage of 2,824. The price per square foot comes out to be $1,168. The building also has a buildable square footage of 4,593. The price per buildable square foot is approximately $718.

The property has a FAR (Floor Area Ratio) of 0.83, indicating that the building occupies 83% of the total allowable floor area on the lot. It is classified under tax class 1. The lot size is 3,402 square feet with dimensions of 24.08 ft x 141.25 ft. The last recorded sale of this property was on April 14, 2015, when it was sold for $1,560,000.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.3M for 2,824 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.81%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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