Updated Dec 21, 2023
Jiong Yi Lin Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $3.3M
73 Hancock Street, Brooklyn, New York 11216, United States
$3,336,000
$931/SF
Building Size
3,580 SF
Asset Type
MultiFamily
Closing
Jul 4, 2022
About this deal
AI
The multifamily property located at 73 Hancock Street in Bedford-Stuyvesant, Brooklyn has been sold. The transaction took place on 07/05/2022. The property is zoned as R6B and has a lot size of 2,000 square feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,336,000
- Market: Bedford-Stuyvesant, Brooklyn
- Buyer: Jiong Yi Lin
- Seller: Alejandro Rodriguez
- BSF: 4,000
- PPBSF: $834
- SF: 3,580
- PPSF: $931
- FAR: 1.79
- Tax Class: 2A
- Permits: Alteration 1 (04/28/2005)
- Lot Dimension: 20 ft x 100 ft
The buyer, Jiong Yi Lin, acquired the property from the seller, Alejandro Rodriguez. The property has a building square footage of 4,000 with a price per square foot of $834. The total square footage of the property is 3,580, and the price per square foot is $931. The property's FAR is 1.79, and it is classified as Tax Class 2A. Additionally, there was an alteration permit issued on 04/28/2005 for the property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.76%
Cash-on-Cash
-1.36%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93