sane sales price = 10x the rent roll
Started by GraffitiGrammarian
over 15 years ago
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Member since: Jul 2008
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This was for a 19-unit multifamily in Bensonhurst, Bklyn: New York, New York (July 13, 2010) -- GFI Realty Services announces the sale of 1202 66th Street in Bensonhurst, Brooklyn for $2,295,000 in a 1031 exchange. The four-story, walk up property has 19 units and 11 parking spaces, totaling 15,000 square feet. All units are rent stabilized and the property sold for 10 times the rent roll,... [more]
This was for a 19-unit multifamily in Bensonhurst, Bklyn: New York, New York (July 13, 2010) -- GFI Realty Services announces the sale of 1202 66th Street in Bensonhurst, Brooklyn for $2,295,000 in a 1031 exchange. The four-story, walk up property has 19 units and 11 parking spaces, totaling 15,000 square feet. All units are rent stabilized and the property sold for 10 times the rent roll, $110,000 per unit. Rick Helfand senior broker at GFI Realty Services represented the seller and Erik Yankelovich, also a senior broker at GFI Realty Services, represented the buyer. “This building was owned by the same partnership for over 38 years,” said Rick Helfand. “The partners decided to retire and take advantage of a strong offer, it was a perfect fit.” “The building is in excellent condition and in a nice section of Bensonhurst,” said Erik Yankelovich. “My client immediately recognized the potential upside due to the low rents. We were able to close the deal seamlessly in just 90 days.” The property is located within walking distance to a major shopping thoroughfare on 13th Avenue and has easy access to many local shops and restaurants in Bay Ridge/Dyker Heights. It is also in close proximity to the Bensonhurst Park, Caesar’s Bay, the D & M Subway lines and several major bus lines. [less]
47 open violations......pretty minor though
I thought you couldn't transfer a deed while there are open violations.......
Unit Date Class Description
- 5/10/2010 B §27-2005, 2007 adm code fire egress defective. restore egress by removing locking device and arrange to open readily the gate in fence at lot line padlock and chain gate at rear yard
1B 1/27/2010 B §27-2018 admin. code: abate the nuisance consisting of bedbugs in the entire apartment located at apt 1b, 1st story, 2nd apartment from south at west
1B 1/27/2010 B §27-2046.1, 2046.2 hmc: provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules. located at apt 1b, 1st story, 2nd apartment from south at west
2E 9/30/2008 B §27-2005 adm code properly repair the broken or defective ceiling light fixture in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2005 adm code properly repair with similar material the broken or defective ceramic tile west wall in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2026 adm code repair the flushing apparatus and maintain same so as to flush effectively the water closet ... in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 A §27-2013 adm code paint with light colored paint to the satisfaction of this department ceilings and walls in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2046.1, 2046.2 hmc: provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules. in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2018 adm code abate the nuisance consisting of vermin bedbugs in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2070 adm code provide an adequate supply of gas to the fixtures oven range in the kitchen located at apt 2e, 2nd story, 2nd apartment from east at south
2E 9/30/2008 B §27-2026 adm code remove all obstructions and repair all defects in bathtub in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
- 7/17/2008 A §27-2053 adm code post sign on wall of entrance story bearing name, address including apartment number if any, and telephone number of superintendent, janitor or housekeeper. at public hall, 1st story
2E 5/31/2008 B §27-2018 adm code abate the nuisance consisting of vermin bedbugs in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 B §27-2018 adm code abate the nuisance consisting of vermin roaches in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 A §27-2005 adm code replace with new the missing light switch plate cover at east wall in the 1st room from east at south located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 A §27-2026 adm code reset, so as to secure a proper and tight connection, the water closet bowl .. in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 A §27-2013 adm code paint with light colored paint to the satisfaction of this department walls and ceiling in the bathroom located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 A §27-2013 adm code paint with light colored paint to the satisfaction of this department walls and ceiling in the kitchen located at apt 2e, 2nd story, 2nd apartment from east at south
2E 5/31/2008 B §27-2046.1, 2046.2 hmc: provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules. in the entire apartment located at apt 2e, 2nd story, 2nd apartment from east at south
3C 4/26/2008 B §27-2005 adm code properly repair the broken or defective lower south window sash in the 3rd room from north located at apt 3c, 3rd story, 1st apartment from north at east
- 4/15/2008 C § 27-2033 adm code provide ready access to buildings heating system ,
- 4/15/2008 C § 27-2033 adm code post notice, in form approved by the department, stating the name and location of the person designated by the owner to have key to buildings heating system ,
- 3/31/2008 C § 27-2033 adm code provide ready access to buildings heating system , door locked at cellar at boiler room
1B 2/24/2008 B §27-2005 adm code properly repair the broken or defective air valve wall radiator kitchen and in the 3rd room from east located at apt 1b, 1st story, 2nd apartment from north at east
1B 2/24/2008 B §27-2046.1, 2046.2 hmc: provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules. in the entire apartment located at apt 1b, 1st story, 2nd apartment from north at east
1C 1/31/2008 A §27-2005 adm code & 309 m/d law abate the nuisance consisting of evidence of water leak ceiling in the 3rd room from east located at apt 1c, 1st story, 1st apartment from north at east
1C 1/31/2008 A §27-2005 adm code repair the broken or defective plastered surfaces and paint in a uniform color ceilings in the entire apartment located at apt 1c, 1st story, 1st apartment from north at east
1C 1/31/2008 A §27-2005 adm code refit window in the 1st room from east located at apt 1c, 1st story, 1st apartment from north at east
- 1/31/2008 A §27-2053 adm code post sign on wall of entrance story bearing name, address including apartment number if any, and telephone number of superintendent, janitor or housekeeper. at public hall, 1st story
1B 11/7/2007 A §300 m/d law file plans and application and legalize the following alteration or restore to the legal condition existing prior to the making of said alteration accustic suspended ceiling in the 1st room from north at east located at apt 1b, 1st story, 2nd apartment from west at north
1B 11/7/2007 B §27-2005 adm code & 309 m/d law abate the nuisance consisting of water stain on ceiling in the 1st room from north at east located at apt 1b, 1st story, 2nd apartment from west at north
1B 11/7/2007 B §27-2005 adm code repair the broken or defective plastered surfaces and paint in a uniform color ceiling in the 1st room from north at east located at apt 1b, 1st story, 2nd apartment from west at north
1B 11/7/2007 B §27-2045 adm code repair or replace the smoke detector defective in the entire apartment located at apt 1b, 1st story, 2nd apartment from west at north
1B 11/7/2007 B §27-2046.1, 2046.2 hmc: provide an approved and operational carbon monoxide detecting device, installed in accordance with applicable law and rules. in the entire apartment located at apt 1b, 1st story, 2nd apartment from west at north
3C 7/13/2006 B §27-2018 adm code abate the nuisance consisting of vermin bedbugs in the entire apartment located at apt 3c, 3rd story, 1st apartment from west at north
3C 7/13/2006 B §27-2005 adm code repair the broken or defective plastered surfaces and paint in a uniform color walls and ceiling in the 1st room from east located at apt 3c, 3rd story, 1st apartment from west at north
3C 7/13/2006 A §300 m/d law file plans and application and legalize the following alteration or restore to the legal condition existing prior to the making of said alteration acoustic tiles at ceiling in the bathroom located at apt 3c, 3rd story, 1st apartment from west at north
3C 7/13/2006 A §300 m/d law file plans and application and legalize the following alteration or restore to the legal condition existing prior to the making of said alteration acoustic tiles at ceiling in the kitchen located at apt 3c, 3rd story, 1st apartment from west at north
3C 5/29/2006 B §27-2018 adm code abate the nuisance consisting of vermin bedbugs in the entire apartment located at apt 3c, 3rd story, 1st apartment from west at north
3C 5/29/2006 A §300 m/d law file plans and application and legalize the following alteration or restore to the legal condition existing prior to the making of said alteration acoustic tiles at ceiling in the bathroom located at apt 3c, 3rd story, 1st apartment from west at north
3C 5/29/2006 A §300 m/d law file plans and application and legalize the following alteration or restore to the legal condition existing prior to the making of said alteration acoustic tiles at ceiling in the kitchen located at apt 3c, 3rd story, 1st apartment from west at north
3C 5/29/2006 B §27-2005 adm code repair the broken or defective plastered surfaces and paint in a uniform color walls and ceilings in the entire apartment located at apt 3c, 3rd story, 1st apartment from west at north
- 6/10/1987 B §27-2005 adm code & 309 m/d law abate the nuisance consisting of concealed ceiling leak front cellar.
- 6/10/1987 B §27-2005 adm code properly repair with similar material the broken or defective metal ceiling front cellar.
- 8/28/1985 A §26-10.01 adm code refit door front entrance to building.
- 12/27/1984 C §26-17.10 adm code post notice, in form approved by the department, stating the name and location of the person designated by the owner to have key to building's heating system 1 sty public hall & on boiler room door.
- 12/27/1984 A §26-20.08 adm code post a proper notice of smoke detector requirements, in a form approved by the commissioner, at or near the mail box missing.
(info is from propertyshark, I was actually looking to see when was the last roof repair permit)