Mark Guindi's GD Capital Acquires Mixed-Use Property In Fort Greene For $3.25M
65 Lafayette Avenue, Brooklyn, New York 11217, United States
$3,250,000
$1,015/SF
Building Size
3,200 SF
Asset Type
MultiFamily
Closing
Dec 30, 2021
AI
Located at 65 Lafayette Avenue in Fort Greene, this mixed-use property was sold on December 30, 2021. The property is zoned as R7A and C2-4, allowing for both residential and commercial use. Spanning 4,000 square feet, the property offers a versatile space for various purposes.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $3,250,000
- Address: 65 Lafayette Avenue
- Market: Fort Greene
- Asset Type: Mixed-use
- Zoning: R7A, C2-4
Mark Guindi of GD Capital acted as the buyer in this transaction. The purchase price for the property was $3,250,000, resulting in a price per square foot of $815.50.
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
4.88%
Cash-on-Cash
-1.39%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93