Leopold Kaff Acquires Office Properties In Bensonhurst For $3.2M
1414 65th Street, Bensonhurst, Brooklyn, NY, USA
$3,200,000
$343/SF
Building Size
9,320 SF
Asset Type
Office
Closing
Jun 22, 2021
About this deal
AI
An office property located at 1414 65th Street and 1403 66th Street in Bensonhurst, Brooklyn has been sold for a price of $3,200,000. The property spans 9,320 square feet with a building square footage (BSF) of 7,500. The price per square foot (PPSF) is $343, while the price per BSF is $426. The lot size is 4,000 square feet, with dimensions of 40 ft x 100 ft. The property has a floor area ratio (FAR) of 1.83 and falls under tax class 4. The transaction took place on June 23, 2021.
Summary of Transaction Details
- Property Type: Office
- Transaction Amount: $3,200,000
- Market: Bensonhurst, Brooklyn
- Zoning: R5
- SF: 9,320
- BSF: 7,500
- PPSF: $343
- PPBSF: $426
- FAR: 1.83
- Tax Class: 4
- Lot Size: 4,000
- Lot Dimensions: 40 ft x 100 ft
The buyer of the property is Leopold Kaff, while the seller is Vincenzo Chiofalo.
Players
Brooklyn Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.96%
Cash-on-Cash
-1.42%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93