Updated Aug 20, 2025
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.
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
2.09%
Cash-on-Cash
-0.60%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93