Updated Dec 21, 2023
Edward McPike Acquires Multifamily Property On 6 Avenue In Park Slope For $5.45M
167 6th Avenue, Park Slope, Brooklyn, NY, USA
$5,450,000
$1,513/SF
Building Size
3,600 SF
Asset Type
MultiFamily
Closing
Jul 21, 2021
About this deal
AI
A multifamily property located at 167 6 Avenue in Park Slope has been sold for a price of $5,450,000. The property has a building square footage of 4,000 and a price per square foot of $1,362. The total lot size is 2,000 square feet, with dimensions of 20 ft x 100 ft. It is zoned as R6B and falls under tax class 1. The property was last sold on September 7, 2017, for $4,550,000. An alteration permit of type 2 was issued on March 26, 2015.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,450,000
- Market: Park Slope
- Buyer: Edward McPike
- Seller: Karin Mulder
- Broker: Lesley Summelhack - Corcoran
The buyer in this transaction is Edward McPike, while the seller is Karin Mulder. The deal was facilitated by Lesley Summelhack from Corcoran.
On the Map
$5,450,000
$1,513/SF
MultiFamily
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Brooklyn 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
2.91%
Cash-on-Cash
-0.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93