The New York Times | February 6, 2018
By Rosalie R. Radomsky
RECENT SALE
$3.3 MILLION
1322 Cortelyou Road (at Rugby Road)
Ditmas Park, Brooklyn
A local investor has bought this four-story 1910 walk-up with six rent-stabilized three-bedroom apartments. Tribeca Pediatrics occupies the 2,000-square-foot ground-floor space and has access to a basement of equal size. The 8,253-square-foot building sold for 16 times the rent roll, with a cap rate of 4.4 percent.
Buyer: 1322 Cortelyou
Seller: 1322 Cortelyou Rd Nyc
Brokers: Erik Yankelovich and Ohad Babo, GFI Realty Services
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