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100 6th Avenue, Brooklyn, N...

Jaime Levine Acquires Multifamily Property In Park Slope For $5.03M
SOLDMultiFamily

Jaime Levine Acquires Multifamily Property In Park Slope For $5.03M

100 6th Avenue, Brooklyn, New York 11217, United States

$5,027,000

$1,296/SF

Building Size

3,879 SF

Asset Type

MultiFamily

Closing

Sep 16, 2021

AI

A multifamily property located at 100 6 Avenue in Park Slope has been sold for $5,027,000. The property has a total square footage of 3,879, with a price per square foot of $1,295. The building has a total of 4,216 BSF (building square footage) and a PPBSF (price per BSF) of $1,192. The lot size is 2,108 square feet, and the property has a FAR (floor area ratio) of 1.84. The property is classified as Tax Class 1 and was last sold on November 15, 2010, for $2,800,000. There was an alteration permit issued on January 30, 2018.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $5,027,000
  • Address: 100 6 Avenue, Park Slope
  • Market: Park Slope
  • Asset Type: Multifamily
  • Zoning: R6B
  • Buyer: Jaime Levine
  • Seller: Dominique Miller
  • Broker: Todd Lewin & Michael Rubin - Compass
  • BSF: 4,216
  • PPBSF: $1,192
  • SF: 3,879
  • PPSF: $1,295
  • FAR: 1.84
  • Tax Class: 1
  • Lot Size: 2,108

The deal was facilitated by Todd Lewin & Michael Rubin from Compass, who represented both the buyer, Jaime Levine, and the seller, Dominique Miller. The property has a lot dimension of 20 feet by 105.42 feet.

Players

Michael Rubin

Compass

Broker

$10.2M

vol

2 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.16%

Cash-on-Cash

-0.90%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93