Walter Catesby Perrin III Acquires Multifamily Property On South Elliott Place For $5.03M
65 South Elliott Place, Fort Greene, Brooklyn, NY, USA
$5,030,000
$1,337/SF
Building Size
3,760 SF
Asset Type
MultiFamily
Closing
Sep 13, 2021
AI
A multifamily property located at 65 South Elliott Place in the SFR market has been sold for $5,030,000. The property, with a lot size of 2,000 square feet and a FAR of 1.88, is zoned R6B and falls under tax class 1. The building has a total square footage of 3,760, with a building square footage (BSF) of 4,000. The price per building square footage (PPBSF) is $1,257, and the price per square foot (PPSF) is $1,337. The last recorded sale of this property was on March 23, 2011, for $869,000. It underwent an alteration permit on May 11, 2012.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,030,000
- Address: 65 South Elliott Place
- Market: SFR
- Zoning: R6B
- Lot Size: 2,000 square feet
- Building Square Footage (BSF): 4,000
- Price per Building Square Footage (PPBSF): $1,257
- Total Square Footage (SF): 3,760
- Price per Square Foot (PPSF): $1,337
- FAR: 1.88
- Tax Class: 1
- Last Sale Price: $869,000 (recorded on March 23, 2011)
- Permits: Alteration 1 (issued on May 11, 2012)
The buyer in this transaction is Walter Catesby Perrin III, and the seller is Matthew Rosenzweig. The deal was facilitated by Paul Murphy from Compass.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.15%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93