Updated Dec 19, 2023
Aron Jonas Acquires 860 Greene Avenue In Bedford-Stuyvesant, Brooklyn For $3.2M
860 Greene Avenue, Brooklyn, New York 11221, United States
$3,175,707
$401/SF
Building Size
7,920 SF
Asset Type
MultiFamily
Closing
Feb 28, 2022
About this deal
AI
An apartment building located at 860 Greene Avenue in the Bedford-Stuyvesant neighborhood of Brooklyn has been sold in a transaction that closed on March 1, 2022. The property, zoned as R6A, features an impressive 6,600 square feet of built-up area. The sale price for this asset was $3,175,707, resulting in a price per built-up square foot of $481. The total area of the property is 7,920 square feet, making the price per square foot $400.
Summary of transation details
- Property Type: Apartment
- Transaction Amount: $3,175,707
- Address: 860 Greene Avenue, Bedford-Stuyvesant, Brooklyn
- Market: Bedford-Stuyvesant, Brooklyn
- Zoning: R6A
The buyer of the property is Aron Jonas, while the seller is Tanja Fiona Atzler. The property was sold with a floor area ratio (FAR) of 3.60 and falls under tax class 2B. The lot size is 2,200 square feet with dimensions of 22 feet by 100 feet. A note-worthy alteration permit was issued on April 23, 2001.
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
5.00%
Cash-on-Cash
-1.43%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93