Updated Dec 21, 2023
Simon Rasin Acquires Multifamily Property In Park Slope, Brooklyn For $3.5M
150 Berkeley Place, Park Slope, Brooklyn, NY, USA
$3,500,000
$1,214/SF
Building Size
2,881 SF
Asset Type
MultiFamily
Closing
Nov 3, 2021
About this deal
AI
The closed property transaction took place on 11/04/2021 at the address 150 Berkeley Place in the Park Slope neighborhood of Brooklyn. The property is classified as a Multifamily and falls under the R6B zoning category. The transaction involved a sale, with Simon Rasin as the buyer and Rebecca McCaughrin as the seller. The property was sold for a total price of $3,500,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Market: Park Slope, Brooklyn
The property has a building square footage (BSF) of 3,166 and a price per building square footage (PPBSF) of $1,105. The total square footage of the property is 2,881, with a price per square foot (PPSF) of $1,214. The floor area ratio (FAR) of the property is 1.82 and it falls under tax class 1.
The lot size of the property is 1,583 and it has permits for alteration 2, dated 03/19/2009. The lot dimensions are 16.67 ft x 95 ft.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93