Updated Dec 20, 2023
Joe Jajati Acquires Single Family Property In Gravesend, Brooklyn For $4.65M
2206 Ocean Parkway, Brooklyn, New York 11223, United States
$4,650,000
$951/SF
Building Size
4,887 SF
Asset Type
Single Family Residence
Closing
Mar 15, 2022
About this deal
AI
The single-family property located at 2206 Ocean Parkway in Gravesend, Brooklyn, was recently sold in a transaction on March 16, 2022. The property has a lot size of 4,363 square feet and is zoned as R4 and OP. The sale involved a buyer named Joe Jajati and a seller named Marlene Massry. The transaction was completed for a price of $4,650,000.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $4,650,000
- Market: Gravesend, Brooklyn
- Buyer: Joe Jajati
- Seller: Marlene Massry
In addition to the sale price, some other notable details of the transaction include a building square footage (BSF) of 3,272, which equates to a price per BSF of $1,421. The property itself has a total square footage (SF) of 4,887, resulting in a price per square foot (PPSF) of $951. The floor area ratio (FAR) stands at 1.12, and the property is classified under tax class 1.
Furthermore, the property has obtained a permit for alteration on January 17, 2003. The lot dimension is measured at 31.17 feet by 140 feet.
Players
New York Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Deal FAQ
About $951 per square foot on a published $4.7M for 4,887 square feet (2022).
Browse New York single family residence sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.41%
Cash-on-Cash
-0.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93