Updated Dec 21, 2023
Luba Vainer Acquires Commercial Property In Park Slope, Brooklyn For $5.2M
220 16th Street, Brooklyn, New York 11215, United States
$5,220,000
$586/SF
Building Size
8,899 SF
Asset Type
Commercial
Closing
Apr 13, 2022
About this deal
AI
The commercial property located at 220 16th Street in Park Slope, Brooklyn has been sold for a price of $5,220,000. The property has a building square footage (BSF) of 32,960 and a price per BSF of $158. The total square footage (SF) of the property is 8,899 with a price per SF of $586. The lot size is 16,480, with dimensions of 22 ft x 157.5 ft. The property falls under the R6B zoning category and has a FAR of 0.54. The tax class is 4. The previous sale of the property took place on 4/24/2014 and the price was $980,000.
Summary of transaction details
- Property Type: Commercial
- Transaction Amount: $5,220,000
- Buyer: Luba Vainer
- Seller: Josephine Tsarnas
- Market: Park Slope, Brooklyn
Luba Vainer was the buyer of the property, while Josephine Tsarnas was the seller.
Players
New York Commercial Market Snapshot
Boundary boundary · Commercial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.04%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93