Updated Dec 21, 2023
Adam F Kies Acquires Multi Family Property In Park Slope, Brooklyn For $3.8M
179 Garfield Place, Park Slope, Brooklyn, NY, USA
$3,800,000
$1,084/SF
Building Size
3,504 SF
Asset Type
MultiFamily
Closing
Sep 8, 2021
About this deal
AI
A multi-family property located at 179 Garfield Place in Park Slope, Brooklyn has been sold. The property is zoned as R6B and consists of a total of 5,100 square feet. The sale took place on September 9, 2021, with a sale price of $3,800,000. The price per square foot was $1,084, while the price per buildable square foot was $745. The lot size is 2,550 square feet with dimensions of 17 ft x 150 ft. The property has a floor area ratio (FAR) of 1.37 and is classified as tax class 1. The last recorded sale of the property was on August 19, 2005, for $2,500,000.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $3,800,000
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Square Footage: 5,100
- Price per Square Foot: $1,084
- Price per Buildable Square Foot: $745
- Lot Size: 2,550
- Last Sale Price: $2,500,000 (8/19/2005)
- Lot Dimension: 17 ft x 150 ft
The buyer of the property is Adam F Kies, while the seller is Scot C Galliher. They were represented by their respective brokers in the transaction.
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
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93