A mixed-use walk-up at 1322 Cortelyou Road in Ditmas Park, Brooklyn, sold for $3.3 million. February 7, 2018

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

View article here.

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