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202 8th Street

JLL Brokers $32.1M Multifamily Sale At 202 8th Street In Park Slope Brooklyn
SOLDMultiFamily

JLL Brokers $32.1M Multifamily Sale At 202 8th Street In Park Slope Brooklyn

202 8th Street

$32,100,000

$564/SF

Building Size

56,868 SF

Asset Type

MultiFamily

Closing

Apr 16, 2025

AI

The property involved in this transaction is a multifamily asset located at 202 8th Street in the Park Slope neighborhood of Brooklyn. The sale price for the property was $32,100,000, consisting of 51 units, which results in a price per unit of $629,412. Additionally, a loan was secured for the property amounting to $25,682,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $32,100,000
  • Loan Value: $25,682,000
  • Units: 51
  • Price Per Unit: $629,412
  • Address: 202 8th Street
  • Market: Park Slope, Brooklyn

The brokers representing the transaction were Jeffrey Julien, Rob Hinckley, Steven Rutman, Ethan Stanton, Steve Klein, and Geoff Goldstein from JLL. Their involvement contributed to the successful completion of this multifamily property transaction.

Players

Ethan Stanton

JLL

Broker

$6.3B

vol

138 deals

Broker

Brooklyn 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

0.49%

Cash-on-Cash

-0.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93