Updated Dec 20, 2023
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
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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