Updated Dec 21, 2023
Caroline Jaquiss Acquires Multifamily Property In Park Slope, Brooklyn For $6.75M
104 Prospect Park West, Park Slope, Brooklyn, NY, USA
$6,750,000
$1,284/SF
Building Size
5,256 SF
Asset Type
MultiFamily
Closing
Jun 1, 2021
About this deal
AI
A multifamily property located at 104 Prospect Park West in Park Slope, Brooklyn has been sold in a recent transaction. The property is zoned as R7A and R7B, allowing for multiple uses. The transaction took place on June 2, 2021, and the property was purchased for $6,750,000. With a building square footage (BSF) of 9,428, the price per BSF stands at $715. The property spans across an area of 5,256 square feet, resulting in a price per square foot (PPSF) of $1,284. The lot size measures 2,357 square feet and has dimensions of 20 feet by 117.83 feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,750,000
- Market: Park Slope, Brooklyn
- Zoning: R7A, R7B
The buyers of the property were Caroline Jaquiss, while the seller was Huw L Richards. The property was previously sold on June 27, 2012, for a price of $3,700,000. An alteration permit of type 3 was granted on August 25, 2014.
Please note that there is no information available regarding the tax class and the building's floor area ratio (FAR) was determined to be 2.23.
Players
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
2.35%
Cash-on-Cash
-0.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93