Arlia Family Acquires Park Slope Multifamily For $2.75M With Buyer's Rep John Brennan & Seller's Rep Rita Knox & Elaine Gay
SOLD
New York
See Similar DealsMultiFamily6,516 SF
Sold 11/17/2020
SOLD
Arlia Family Acquires Park Slope Multifamily For $2.75M With Buyer's Rep John Brennan & Seller's Rep Rita Knox & Elaine Gay
1211 8th Avenue
See Similar DealsMultiFamily6,516 SF
Sold 11/17/2020
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$422
Total Square Footage:6,516 SF
Transaction Type:Sale
The multifamily property located at 1211 8th Avenue in Park Slope has been sold for a total price of $2,750,000. The property spans a total area of 6,516 square feet, resulting in a price per square foot of $422. The transaction took place on November 18, 2020, and the buyer is the Arlia Family, while the seller is Richard White.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Market: Park Slope
- Address: 1211 8th Avenue
- Square Footage: 6,516
- Price per Square Foot: $422
Representing the buyer, the Arlia Family, is John Brennan from Marcus & Millichap. On the other hand, Rita Knox and Elaine Gay from Townsley & Gay acted as the seller's representatives in this deal.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$146,666.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,770.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,036.40
Annual Debt Service$156,436.84
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