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179 Garfield Place, Park Sl...

Updated Dec 21, 2023

Adam F Kies Acquires Multi Family Property In Park Slope, Brooklyn For $3.8M
SOLDMultiFamily

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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Deal FAQ

About $1.1K per square foot on a published $3.8M for 3,504 square feet (2021).

Browse New York multifamily sales on Traded.

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

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