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65 Lafayette Avenue, Brookl...

Mark Guindi's GD Capital Acquires Mixed-Use Property In Fort Greene For $3.25M
SOLDMultiFamily

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

Mark Guindi

GD Capital

Buyer

$39.9M

vol

14 deals

Buyer

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