Mahbub U. Rahman Acquires Apartment In Ditmas Park, Brooklyn From Sam Kooris For $4.75M
608 Rugby Rd, Brooklyn, NY 11230, USA
Building Size
9,700 SF
Asset Type
MultiFamily
Closing
Aug 27, 2018
AI
An apartment located at 649 Argyle Road in Ditmas Park, Brooklyn has been sold for $4,750,000 on April 29, 2022. The property has a building square footage (BSF) of 19,200 and a price per BSF (PPBSF) of $247. The total square footage (SF) is 18,144, with a price per square foot (PPSF) of $261. The property is zoned R7A and C2-4, with a floor area ratio (FAR) of 3.78. The tax class is 2, and the lot size is 4,800 square feet.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $4,750,000
- Address: 649 Argyle Road
- Market: Ditmas Park, Brooklyn
- Zoning: R7A, C2-4
- BSF: 19,200
- PPBSF: $247
- SF: 18,144
- PPSF: $261
- FAR: 3.78
- Tax Class: 2
- Lot Size: 4,800
Mahbub U. Rahman has purchased the property from Sam Kooris for a price of $4,750,000. The previous sale of the property was on August 30, 2017, for $3,950,000. An alteration permit was issued on November 20, 2018. The lot dimension is 129.17 ft x 43.75 ft.
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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
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93