Updated Dec 21, 2023
Eli Siege Acquires Apartment In Flatbush, Brooklyn From Alan Drezin
828 New York Avenue, Brooklyn, New York 11203, United States
$3,465,333
$145/SF
Building Size
23,774 SF
Asset Type
MultiFamily
Closing
Oct 23, 2022
About this deal
AI
The property at 828 New York Avenue in Flatbush, Brooklyn has been sold in a recent transaction. The apartment building, which falls under R7-1 zoning, offers a total of 17,475 square feet of buildable space. The sale price for the property was $3,465,333, with a price per buildable square foot of $198. The total area of the property is 23,774 square feet, with a price per square foot of $145.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $3,465,333
- Zoning: R7-1
- Market: Flatbush, Brooklyn
Eli Siege has purchased the property at 828 New York Avenue from Alan Drezin. The lot size of the property is 5,080 square feet, with dimensions of 47.48 ft x 107 ft. The property's floor area ratio (FAR) is 4.68, and it falls under tax class 2.
Additional information related to the property includes its last sale price of $1,600,000 on January 29, 2016, and the permits obtained for alteration on December 2, 2016.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.58%
Cash-on-Cash
-1.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93