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
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