Carter Martin Acquires Apartment In Bedford-Stuyvesant, Brooklyn For $3.05M
90 Marion Street, Brooklyn, New York 11233, United States
$3,049,500
$547/SF
Building Size
5,568 SF
Asset Type
MultiFamily
Closing
Jan 30, 2022
AI
A residential apartment located at 90 Marion Street in Bedford-Stuyvesant, Brooklyn has been sold. The property is zoned as R6B, R7D, C2-4 and has an estimated market value of $3,049,500. The apartment has a total square footage of 5,568 and a price per square foot of $547. The building has a floor area ratio (FAR) of 2.32 and is classified as tax class 2B. The lot size is 2,400 square feet, with dimensions of 24 ft x 100 ft. The property was last sold on August 29, 2013, for $390,000 and had an alteration permit issued on June 1, 2015.
Summary of Transaction Details
- Property Type: Apartment
- Transaction Amount: $3,049,500
- Buyer: Carter Martin
- Seller: Nadav Hamo
- Building Square Footage: 4,800
- Price per Building Square Foot: $635
- Land Square Footage: 5,568
- Price per Square Foot: $547
- Floor Area Ratio (FAR): 2.32
- Tax Class: 2B
- Lot Size: 2,400
- Last Sale Price: $390,000 (08/29/2013)
- Permits: Alteration 3 (06/01/2015)
- Lot Dimension: 24 ft x 100 ft
The buyer, Carter Martin, acquired the property from the seller, Nadav Hamo.
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
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93