Justin Elghanayan Acquires Multi Family Property In Park Slope, Brooklyn For $7.12M
20 Prospect Park West, Brooklyn, New York 11215, United States
$7,125,000
$1,510/SF
Building Size
4,717 SF
Asset Type
MultiFamily
Closing
Nov 29, 2021
AI
Located at 20 Prospect Park West in Park Slope, Brooklyn, this multi-family property was recently sold in a closed transaction. The property is zoned as R8X and offers a total building square footage (BSF) of 13,846. With a price of $7,125,000, the property has a price per building square foot (PPBSF) of $515. The total lot size is 2,300 square feet, with dimensions of 24.75 ft x 91.5 ft.
Summary of transaction details:
- Property Type: Multi Family
- Transaction Amount: $7,125,000
- Market: Park Slope, Brooklyn
- Zoning: R8X
- Buyer: Justin Elghanayan
- Seller: Robert J Rominger
- Building Square Footage: 13,846
- Price per Building Square Foot: $515
- Total Square Footage: 4,717
- Price per Square Foot: $1,510
- FAR: 2.05
- Tax Class: 1
- Lot Size: 2,300
- Last Sale Price: $0 (9/8/1993)
- Lot Dimensions: 24.75 ft x 91.5 ft
The buyer in this transaction was Justin Elghanayan, while the seller was Robert J Rominger. The property was sold for a price of $7,125,000, with a building square footage of 13,846. The lot size is 2,300 square feet, and the property is zoned as R8X. The previous sale of this property occurred on 9/8/1993 for a price of $0. The lot dimensions measure 24.75 ft x 91.5 ft.
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.23%
Cash-on-Cash
-0.64%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93