Updated Dec 21, 2023
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
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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