Updated Dec 20, 2023
Lynn Sculley Acquires Multifamily Property In Brooklyn Heights For $17M
77 Columbia Heights, Brooklyn, New York 11201, United States
$17,000,000
$3,383/SF
Building Size
5,025 SF
Asset Type
MultiFamily
Closing
Jul 21, 2022
About this deal
AI
A multifamily property located at 77 Columbia Heights in Brooklyn Heights, Brooklyn has been sold for $17,000,000. The property has a total square footage of 5,025 and a price per square foot of $3,383. It features a building square footage of 4,770 with a price per building square foot of $3,563. The property has a lot size of 1,963 square feet and is zoned as R6, LH-1. The FAR (Floor Area Ratio) is 2.56 and it falls under tax class 1. The property previously underwent an alteration permit on June 8, 2015.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,000,000
- Address: 77 Columbia Heights, Brooklyn Heights, Brooklyn
- Market: Brooklyn Heights, Brooklyn
- Zoning: R6, LH-1
- Total Square Footage: 5,025
- Price per Square Foot: $3,383
- Building Square Footage: 4,770
- Price per Building Square Foot: $3,563
- Lot Size: 1,963 square feet
- FAR: 2.56
- Tax Class: 1
- Permits: Alteration 3 (06/08/2015)
The buyer of the property is Lynn Sculley, while the seller is Eugene J Keilin.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.93%
Cash-on-Cash
-0.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93