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161 Prospect Park West, Bro...

Updated Aug 20, 2025

Gregory P Fournier Acquires Park Slope Apartment In Brooklyn For $7.6M From Seller Lisa Napolitano
SOLDMultiFamily

Gregory P Fournier Acquires Park Slope Apartment In Brooklyn For $7.6M From Seller Lisa Napolitano

161 Prospect Park West, Brooklyn, New York 11215, United States

$7,600,000

$771/SF

Building Size

9,857 SF

Asset Type

MultiFamily

Closing

Mar 27, 2022

About this deal

AI

The apartment located at 161 Prospect Park West in Park Slope, Brooklyn has been sold in a recent transaction. The property, with a zoning designation of R7A, offers 9,587 square feet of living space. The sale took place on March 28, 2022, and the property was purchased for $7,600,000. The buyer in this transaction is Gregory P Fournier, while the seller is Lisa Napolitano. The property has an impressive buildable square footage of 8,960, with a price per buildable square foot of $848. Additionally, the property has a price per square foot of $792, taking into account its total area of 9,587 square feet.

Summary of transaction details

  • Property Type: Apartment
  • Transaction Amount: $7,600,000
  • Address: 161 Prospect Park West, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Zoning: R7A

This transaction included a property with a floor area ratio (FAR) of 4.28, indicating the ratio of the total floor area to the lot area. The property is classified under tax class 2B. The lot size of this property is 2,240 square feet, with dimensions measuring 24 feet by 93.33 feet. It's worth noting that there has been an alteration permit issued on June 7, 1999, labeled as "Alteration 2." This permit may provide important insights into the history and development of the property.

Players

Greg Fournier

Greenbrook Partners

Buyer

$614.6M

vol

21 deals

Buyer

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $771 per square foot on a published $7.6M for 9,857 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

2.09%

Cash-on-Cash

-0.60%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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