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108 8th Avenue, Brooklyn, N...

Updated Dec 21, 2023

Harry Eichelberger & Jessica Parsons Acquire Park Slope Multifamily For $6.88M
SOLDMultiFamily

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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Deal FAQ

About $1.1K per square foot on a published $6.9M for 6,293 square feet (2022).

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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

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