Updated Dec 21, 2023
Deborah Prinz Acquires Multifamily Property In Park Slope, Brooklyn For $5.15M
208 Prospect Park West, Windsor Terrace, Brooklyn, NY, USA
$5,150,000
$558/SF
Building Size
9,214 SF
Asset Type
MultiFamily
Closing
May 26, 2021
About this deal
AI
The multifamily property at 208 Prospect Park West in Park Slope, Brooklyn has been sold for $5,150,000. The property has a total building square footage (BSF) of 13,600 with a price per BSF (PPBSF) of $378. The total square footage (SF) of the property is 9,214 with a price per square foot (PPSF) of $558. The property has a floor area ratio (FAR) of 2.71 and is classified under tax class 2. The lot size is 3,400 and the lot dimensions are 34 ft x 100 ft. The property previously underwent an alteration type 2 permit on 02/02/2016.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $5,150,000
- Market: Park Slope, Brooklyn
- Zoning: R8B, C2-4
- Buyer: Deborah Prinz
- Seller: Richard E C White
Deborah Prinz has acquired the property at 208 Prospect Park West from Richard E C White. The transaction involved a multifamily property in the Park Slope neighborhood of Brooklyn. Deborah Prinz and Richard E C White were the key individuals involved in the deal.
Players
New York MultiFamily Market Snapshot
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.08%
Cash-on-Cash
-0.88%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93