facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

14 Park Place, Brooklyn, Ne...

Updated Dec 21, 2023

Heather Corbett Acquires Multifamily Property In Park Slope, Brooklyn For $3.7M
SOLDMultiFamily

Heather Corbett Acquires Multifamily Property In Park Slope, Brooklyn For $3.7M

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

$3,777,000

$1,293/SF

Building Size

2,920 SF

Asset Type

MultiFamily

Closing

Dec 16, 2021

About this deal

AI

Located in Park Slope, Brooklyn, the multifamily property at 14 Park Place has been sold in a closed transaction. The sale took place on December 17, 2021, with a purchase price of $3,777,000. The property has a building square footage (BSF) of 4,000 and a price per BSF (PPBSF) of $944. With a total area of 2,920 square feet, the price per square foot (PPSF) stands at $1,293. The property is zoned as R6B and has a floor area ratio (FAR) of 1.46. Its tax class is 1.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,777,000
  • Address: 14 Park Place
  • Market: Park Slope, Brooklyn
  • Zoning: R6B

Heather Corbett has emerged as the buyer of the property, while James Stubbs is listed as the seller. The lot size is 2,000 square feet, with dimensions of 20 feet by 100 feet. The property had previously undergone an alteration permit on June 16, 2008, categorized as Alteration 2. Additional details regarding the individuals or companies involved in the deal were not provided.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Deal FAQ

About $1.3K per square foot on a published $3.8M for 2,920 square feet (2021).

Browse New York multifamily sales on Traded.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.20%

Cash-on-Cash

-1.20%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

More Deals

Nearby Markets