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374 Vanderbilt Avenue, Broo...

Updated Dec 21, 2023

Calgary Leveen Acquires Two Family Brick Property In Fort Greene, Brooklyn For $3.9M
SOLDOther

Calgary Leveen Acquires Two Family Brick Property In Fort Greene, Brooklyn For $3.9M

374 Vanderbilt Avenue, Brooklyn, NY, USA

$3,900,000

$1,069/SF

Building Size

3,648 SF

Asset Type

Other

Closing

Jun 7, 2021

About this deal

AI

A two-family brick property located at 374 Vanderbilt Avenue in Fort Greene, Brooklyn has been sold for $3,900,000. The property is classified as a B1 type building and falls under the R6B zoning. It offers a total square footage of 3,648 with a buildable square footage of 1,890. The price per square foot is $1,069, and the price per buildable square foot is $2,063. The lot size is 945, and the previous sale of the property was recorded on September 29, 2015, for $2,670,000. The property underwent an alteration type 2 permit on May 2, 2016. Additionally, the lot dimensions measure 21 feet by 45 feet.

Summary of transaction details

  • Property Type: Two Family Brick (B1)
  • Transaction Amount: $3,900,000
  • Market: Fort Greene, Brooklyn
  • Asset Type: Two Family Brick (B1) ~ R6B
  • Buyer: Calgary Leveen
  • Seller: James Thomas Hardin Deaver
  • Brokers: Denise Bongiovanni & Scott Hamm - Compass
  • BSF: 1,890
  • PPBSF: $2,063
  • SF: 3,648
  • PPSF: $1,069
  • FAR: 3.86
  • Tax Class: 1
  • Lot Size: 945
  • Last Sale Price: $2,670,000 (9/29/2015)
  • Permits: Alteration type 2 (05/02/2016)
  • Lot Dimensions: 21 ft x 45 ft

The transaction was facilitated by Denise Bongiovanni and Scott Hamm from Compass. They represented both the buyer, Calgary Leveen, and the seller, James Thomas Hardin Deaver, in the deal.

Players

Denise Bongiovanni

Compass

Broker

$3.9M

vol

1 deal

Broker

New York Other Market Snapshot

Boundary boundary · Other · Sale transactions

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Deal FAQ

About $1.1K per square foot on a published $3.9M for 3,648 square feet (2021).

Visit Compass to view all their deals.

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.07%

Cash-on-Cash

-1.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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