Updated Dec 20, 2023
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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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