Updated Dec 21, 2023
James Buckner Cobb, Jr Acquires Multifamily In Park Slope, Brooklyn For $3.96M
226 Lincoln Place, Brooklyn, New York 11217, United States
$6,850,000
$1,622/SF
Building Size
4,223 SF
Asset Type
MultiFamily
Closing
Dec 14, 2021
About this deal
AI
A multifamily property located at 192 St Johns Place in Park Slope, Brooklyn has been sold. The property, with a lot size of 2,100 square feet and dimensions of 21 ft x 100 ft, is zoned as R7B. The transaction took place on October 28, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,960,000
- Building Square Footage: 6,300
- Price per Building Square Foot: $628
- Lot Size: 2,100 square feet
- Lot Dimension: 21 ft x 100 ft
- Price per Square Foot: $919
- Floor Area Ratio (FAR): 2.05
- Tax Class: 1
The buyer of the property is James Buckner Cobb, Jr, while the seller is Justine Nghiem. The transaction represents a significant investment in the Park Slope market in Brooklyn.
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
2.32%
Cash-on-Cash
-0.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93