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608 Rugby Rd, Brooklyn, NY ...

Mahbub U. Rahman Acquires Apartment In Ditmas Park, Brooklyn From Sam Kooris For $4.75M
SOLDMultiFamily

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.

Players

Matt Fotis

Marcus & Millichap

Broker

$609.4M

vol

112 deals

Broker
Sam Kooris

Sam Kooris

Seller

$76.6M

vol

13 deals

Seller

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