facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Multifamily

/

Sale

/

20 Prospect Park West, Broo...

Justin Elghanayan Acquires Multi Family Property In Park Slope, Brooklyn For $7.12M
SOLDMultiFamily

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.

Players

Justin Elghanayan

Rockrose Development

Buyer

$475.2M

vol

7 deals

Buyer

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