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6623 Fort Hamilton Parkway,...

Updated Dec 20, 2023

Michael Angelopoulos Buys Multifamily Property In Dyker Heights, Brooklyn For $5.2M
SOLDMultiFamily

Michael Angelopoulos Buys Multifamily Property In Dyker Heights, Brooklyn For $5.2M

6623 Fort Hamilton Parkway, Brooklyn, NY, USA

$5,200,000

$216/SF

Building Size

24,005 SF

Asset Type

MultiFamily

Closing

Oct 6, 2021

About this deal

AI

The multifamily property located at 6623 Ft Hamilton Parkway in Dyker Heights, Brooklyn has been sold for a total price of $5,200,000. The property sits on a lot size of 5,075 square feet with dimensions of 50.75 ft x 106.17 ft. It has a building square footage (BSF) of 10,150, resulting in a price per BSF (PPBSF) of $512. The total square footage of the property is 24,005, giving it a price per square foot (PPSF) of $216. The zoning of the property is R6B and C2-3. The transaction took place on October 7, 2021.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,200,000
  • Market: Dyker Heights, Brooklyn
  • Zoning: R6B, C2-3
  • Buyer: Michael Angelopoulos
  • Seller: Pavel Shinder
  • BSF: 10,150
  • PPBSF: $512
  • SF: 24,005
  • PPSF: $216
  • Tax Class: 2
  • Lot Size: 5,075
  • Permits: Alteration 2 (11/26/2018)
  • Lot Dimension: 50.75 ft x 106.17 ft

The seller in this transaction was Pavel Shinder, while the buyer was Michael Angelopoulos.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $216 per square foot on a published $5.2M for 24,005 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.05%

Cash-on-Cash

-0.87%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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