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73 Hancock Street, Brooklyn...

Updated Dec 21, 2023

Jiong Yi Lin Acquires Multifamily Property In Bedford-Stuyvesant, Brooklyn For $3.3M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $931 per square foot on a published $3.3M for 3,580 square feet (2022).

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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

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