Updated Dec 21, 2023
Harry Eichelberger & Jessica Parsons Acquire Park Slope Multifamily For $6.88M
108 8th Avenue, Brooklyn, New York 11215, United States
$6,880,108
$1,093/SF
Building Size
6,293 SF
Asset Type
MultiFamily
Closing
May 30, 2022
About this deal
AI
The multifamily property located at 108 8th Avenue in Park Slope, Brooklyn has been sold in a recent transaction. The property features a total square footage of 6,293 and is zoned as R7B. The sale took place on May 31, 2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $6,880,108
- Address: 108 8th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Buyer: Harry Eichelberger & Jessica Parsons
- Seller: Cecilia Brancato
- Price per square foot: $1,093
- Building Square Footage: 5,520
- Lot Size: 1,840
- Permits: Alteration 2 (03/03/1998)
- Lot Dimension: 20 ft x 92 ft
Harry Eichelberger and Jessica Parsons acted as the buyers in this transaction, while Cecilia Brancato was the seller. The property was sold at a price of $6,880,108, with a price per square foot of $1,093. The building on the lot has a total square footage of 5,520. The property is classified under Tax Class 1 and has a FAR (Floor Area Ratio) of 3.42. The lot size is 1,840 square feet, and there was a previous alteration permit issued on March 3, 1998.
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
2.31%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93