Jonathan Wiener Acquires Multi-Family Property In Gravesend, Brooklyn For $4.04M
8817 Bay Parkway, Brooklyn, New York 11214, United States
$4,036,041
$152/SF
Building Size
26,520 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
AI
The multi-family property located at 8817 Bay Parkway in Gravesend, Brooklyn has been sold in a recent transaction. The property, with a lot size of 9,700 square feet and dimensions of 93.5 ft x 97.92 ft, is zoned as R6 and has a floor area ratio (FAR) of 2.73. The property falls under tax class 2.
Summary of transaction details
- Property Type: Multi Family
- Sale Date: 12/08/2021
- Address: 8817 Bay Parkway
- Market: Gravesend, Brooklyn
- Buyer: Jonathan Wiener
- Seller: Morris Joseph Knoll
- Price: $4,036,041
- Building Square Footage: 23,571
- Price per Square Foot: $171
- Lot Square Footage: 26,520
- Price per Square Foot (Land): $152
- Last Sale Price: $0 (12/27/2013)
In this transaction, the buyer is Jonathan Wiener and the seller is Morris Joseph Knoll. The property was sold for a total price of $4,036,041. With a building square footage of 23,571, the price per square foot for the building is $171. The lot square footage is 26,520, and the price per square foot for the land is $152. The last recorded sale of this property was on 12/27/2013 for a price of $0.
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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
3.93%
Cash-on-Cash
-1.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93