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20 Polhemus Place, Park Slo...

Updated Dec 21, 2023

Natalie Jacobs Acquires Multifamily Property On Polhemus Place For $3.75M
SOLDMultiFamily

Natalie Jacobs Acquires Multifamily Property On Polhemus Place For $3.75M

20 Polhemus Place, Park Slope, Brooklyn, NY, USA

$3,750,000

$1,219/SF

Building Size

3,076 SF

Asset Type

MultiFamily

Closing

May 31, 2021

About this deal

AI

A multifamily property located at 20 Polhemus Place in Park Slope, Brooklyn has been sold for $3,750,000. The property has a building square footage of 3,456 and a price per square foot of $1,085. The lot size is 1,728, with dimensions of 18 ft x 96 ft. The property is zoned as R6B and has a floor area ratio (FAR) of 1.78. It falls under tax class 1. The property underwent an alteration type 3 permit on August 7, 2017.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,750,000
  • Market: Park Slope, Brooklyn
  • Buyer: Natalie Jacobs
  • Seller: Michael L Callahan
  • Building Square Footage: 3,456
  • Price per Square Foot: $1,085
  • Lot Size: 1,728
  • Permits: Alteration type 3 (08/07/2017)
  • Lot Dimensions: 18 ft x 96 ft
  • Zoning: R6B
  • Floor Area Ratio (FAR): 1.78
  • Tax Class: 1

Natalie Jacobs purchased the property from Michael L Callahan. The transaction took place on June 1, 2021. The property's price per square foot is $1,085, and the purchase price was $3,750,000. The building has a total square footage of 3,456 and is situated on a lot with dimensions of 18 ft x 96 ft. The property is zoned as R6B and has an FAR of 1.78. The property falls under tax class 1 and underwent an alteration type 3 permit on August 7, 2017.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3.8M for 3,076 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.23%

Cash-on-Cash

-1.21%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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