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104 Prospect Park West, Par...

Updated Dec 21, 2023

Caroline Jaquiss Acquires Multifamily Property In Park Slope, Brooklyn For $6.75M
SOLDMultiFamily

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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Deal FAQ

About $1.3K per square foot on a published $6.8M for 5,256 square feet (2021).

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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

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