Updated Dec 20, 2023
Shaun Klein Acquires Multi Family Property In Park Slope, Brooklyn For $3.3M
227 Garfield Place, Park Slope, Brooklyn, NY, USA
$3,300,000
$887/SF
Building Size
3,720 SF
Asset Type
MultiFamily
Closing
Nov 9, 2021
About this deal
AI
A multi-family property located at 227 Garfield Place in Park Slope, Brooklyn has been sold in a recent transaction. The property is zoned as R6B and has a lot size of 1,440 square feet with dimensions of 18 feet by 80 feet. The building has a total square footage of 3,720 and a buildable square footage of 2,880. The sale price for the property was $3,300,000, resulting in a price per square foot of $887. The property was last sold on June 28, 1999, for $0. The transaction took place on November 10, 2021.
Summary of transaction details
- Property Type: Multi-Family
- Transaction Amount: $3,300,000
- Buyer: Shaun Klein
- Seller: Alice Ann Bell
- Market: Park Slope, Brooklyn
Shaun Klein represented the buyer in this transaction.
Players
New York 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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93