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

Property Image
SOLD
$32,100,000
Geoff Goldstein
Ethan Stanton
+ 3

New York

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MultiFamily56,868 SF
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Property Image
SOLD

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

202 8th Street

See Similar Deals
MultiFamily56,868 SF
Sold
Geoff Goldstein
Ethan Stanton
+ 3
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$564
Total Square Footage:56868 SF
Transaction Type:Sale

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
126 deals$5.8B volume(516) 790-7718
BROKER

Geoff Goldstein
JLL
54 deals$7.9B volume
BROKER

Rob Hinckley
JLL
77 deals$11.2B volume
BROKER

Steven Rutman
JLL
65 deals$8.7B volume
BROKER

Steven (Steve) Klein
JLL
52 deals$3.9B volume(212) 632-1838
BROKER

Jeffrey Julien
JLL
8 deals$615.7M volume(212) 632-1820
BROKER

Details

SOLD
IMAGE: & LOAN IMAGE: Jeffrey Julien, Ethan Stanton, Rob Hinckley, Steven Rutman, Geoff Goldstein & Steve Klein DATE: 04/16/2025 ADDRESS: 202 8th Street MARKET: Park Slope, Brooklyn ASSET TYPE: Multifamily BROKERS: Jeffrey Julien, Rob Hinckley, Steven Rutman, Ethan Stanton, Steve Klein & Geoff Goldstein - JLL (@JLL) SALE PRICE: $32,100,000 UNITS: 51 ~ PPU: $629,412 LOAN VALUE: $25,682,000

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,711,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$114,044.53
Cash-on-Cash Return-1.27%
Monthly Debt Service$152,170.38
Annual Debt Service$1,826,044.52