Updated Dec 18, 2023
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
$2,750,000
$422/SF
Building Size
6,516 SF
Asset Type
MultiFamily
Closing
Nov 17, 2020
About this deal
AI
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.
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93