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
New York Other Market Snapshot
Boundary boundary · Other · Sale transactions
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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