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76 Hoyt Street, Brooklyn, N...

Updated Dec 20, 2023

Steven Casey Acquires Multifamily Property In Boerum Hill, Brooklyn From Sheila W. Hankin For $3.3M
SOLDMultiFamily

Steven Casey Acquires Multifamily Property In Boerum Hill, Brooklyn From Sheila W. Hankin For $3.3M

76 Hoyt Street, Brooklyn, New York 11201, United States

$3,318,000

$1,106/SF

Building Size

3,000 SF

Asset Type

MultiFamily

Closing

Mar 27, 2022

About this deal

AI

A multifamily property located at 76 Hoyt Street in Boerum Hill, Brooklyn has been sold in a recent transaction. The property is zoned as R6B, DB and features a lot size of 1,500 square feet with dimensions of 20 ft x 75 ft. The transaction took place on March 28, 2022.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,318,000
  • Market: Boerum Hill, Brooklyn
  • Buyer: Steven Casey
  • Seller: Sheila W. Hankin
  • BSF: 3,000
  • Price Per BSF: $1,106
  • SF: 3,000
  • Price Per SF: $1,106
  • FAR: 2.00
  • Tax Class: 1

Steven Casey acted as the buyer in this transaction, while Sheila W. Hankin was the seller. The property was sold for a price of $3,318,000, with a building square footage of 3,000 and a price per square foot of $1,106. The lot size is 1,500 square feet, with dimensions of 20 ft x 75 ft. The property is zoned as R6B, DB in Boerum Hill, Brooklyn.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.3M for 3,000 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.78%

Cash-on-Cash

-1.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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