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Nathan Accad Acquires Office In Midwood, Brooklyn From Soon Lee For $3.8M

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SOLD
$3,800,000

New York

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Nathan Accad Acquires Office In Midwood, Brooklyn From Soon Lee For $3.8M

1636 E 14 St, Brooklyn, New York 11229, United States

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Office13,920 SF
Sold
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Summary

NEW YORK
Asset Type:Office
Price Per Square Foot:$273
Total Square Footage:13920 SF
Transaction Type:Sale

The property involved in this transaction is an office located at 1636 East 14 Street in the Midwood neighborhood of Brooklyn. It has a lot size of 8,000 square feet and is zoned as R5B. The building has a total square footage of 13,920 and a building square footage (BSF) of 10,800. The price of the property was $3,800,000, resulting in a price per building square footage (PPSF) of $352 and a price per square foot (PPSF) of $273. The property has a floor area ratio (FAR) of 1.74 and tax class 4. The last recorded sale of the property was on September 22, 2016, for $4,800,000. The lot dimensions are 80 feet by 100 feet.

Summary of transaction details

  • Property Type: Office
  • Transaction Amount: $3,800,000
  • Address: 1636 East 14 Street, Midwood, Brooklyn
  • Market: Midwood, Brooklyn
  • Zoning: R5B
  • Lot Size: 8,000 square feet
  • Building Square Footage (BSF): 10,800
  • Price per Building Square Footage (PPSF): $352
  • Total Square Footage: 13,920
  • Price per Square Foot (PPSF): $273
  • Floor Area Ratio (FAR): 1.74
  • Tax Class: 4
  • Last Sale Price: $4,800,000 (September 22, 2016)
  • Lot Dimensions: 80 ft x 100 ft

The buyer of the property is Nathan Accad, and the seller is Soon Lee.

Players

3 deals$12.5M volume
SELLER

Details

SOLD
IMAGE: 10/22/2021 ADDRESS: 1636 East 14 Street MARKET: Midwood,Brooklyn ASSET TYPE: Office ~ ZONING: R5B BUYER: Nathan Accad SELLER: Soon Lee PRICE: $3,800,000 BSF: 10,800 ~ PPBSF: $352 SF: 13,920 ~ PPSF: $273 FAR: 1.74 TAX CLASS: 4 LOT SIZE: 8,000 LAST SALE PRICE: $4,800,000 (9/22/2016) LOT DIMENSION: 80 ft x 100 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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