Updated Dec 21, 2023
Angelo Grasso Acquires Multifamily Property In Brooklyn Heights For $5.37M
70 Orange Street, Brooklyn Heights, Brooklyn, NY, USA
$5,375,000
$1,051/SF
Building Size
5,111 SF
Asset Type
MultiFamily
Closing
Aug 23, 2021
About this deal
AI
A multifamily property located at 70 Orange Street in Brooklyn Heights has been sold in a recent transaction. The property, with a total of 5,111 square feet, was purchased by Angelo Grasso for a price of $5,375,000. The buyer was represented by Dexter Guerrieri from Vanderberg. The seller in this transaction was Christopher Goslin.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,375,000
- Address: 70 Orange Street, Brooklyn Heights
- Market: Brooklyn Heights
The property has a building square footage (BSF) of 7,991, resulting in a price per BSF of $672. Additionally, the property has a square footage (SF) of 5,111, with a price per SF of $1,051. The FAR (Floor Area Ratio) for this property is 2.20, and the tax class is 1.
The property is situated on a lot with a size of 2,323 and has lot dimensions of 22.5 ft x 101.25 ft.
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
2.95%
Cash-on-Cash
-0.84%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93