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14 Lincoln Place, Brooklyn,...

Updated Dec 20, 2023

Samuel Charney Acquires Multi Family Property In Park Slope, Brooklyn For $3.8M
SOLDMultiFamily

Samuel Charney Acquires Multi Family Property In Park Slope, Brooklyn For $3.8M

14 Lincoln Place, Brooklyn, New York 11217, United States

$3,800,000

$424/SF

Building Size

8,960 SF

Asset Type

MultiFamily

Closing

Nov 14, 2021

About this deal

AI

A multi-family property located at 14 Lincoln Place in Park Slope, Brooklyn has been sold for a price of $3,800,000. The property, with a lot size of 2,800 square feet, features a total square footage of 8,960. The building has a BSF (Building Square Footage) of 5,600, equivalent to a PPBSF (Price Per Building Square Footage) of $679. The price per square footage (PPSF) stands at $424. The property is zoned as R6B and falls under tax class 2B. The last recorded sale of the property was on April 24, 2014, for a price of $3,500,000.

Summary of transaction details

  • Property Type: Multi Family
  • Transaction Amount: $3,800,000
  • Market: Park Slope, Brooklyn
  • Zoning: R6B
  • Lot Size: 2,800 SF
  • BSF: 5,600
  • PPBSF: $679
  • SF: 8,960
  • PPSF: $424
  • Last Sale Price: $3,500,000 (4/24/2014)

The buyer of the property was Samuel Charney, while the seller was Dean Maltz. The property transaction took place on November 15, 2021. The FAR (Floor Area Ratio) is 3.20, and the lot dimensions are 28 feet by 100 feet.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $424 per square foot on a published $3.8M for 8,960 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.17%

Cash-on-Cash

-1.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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