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860 Greene Avenue, Brooklyn...

Updated Dec 19, 2023

Aron Jonas Acquires 860 Greene Avenue In Bedford-Stuyvesant, Brooklyn For $3.2M
SOLDMultiFamily

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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Deal FAQ

About $401 per square foot on a published $3.2M for 7,920 square feet (2022).

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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

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