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43 Park Place, Brooklyn, NY...

Johnathan Naymark Acquires Park Slope Multifamily From John DeSilvia For $3.375M
SOLDMultiFamily

Johnathan Naymark Acquires Park Slope Multifamily From John DeSilvia For $3.375M

43 Park Place, Brooklyn, NY 11217, USA

$3,375,000

$937/SF

Building Size

3,600 SF

Asset Type

MultiFamily

Closing

Aug 25, 2021

AI

The multifamily property located at 43 Park Place in Park Slope has been sold. The property, classified under tax class 2A, was part of a closed transaction on August 25, 2021. The sale was facilitated by Ian Mednick, Caterina Peters, and Matt Kirby Smith.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,375,000
  • Address: 43 Park Place
  • Market: Park Slope
  • Square Footage: 3,600
  • Price Per Square Foot: $937
  • Number of Units: 4
  • Price Per Unit: $862,500

The buyer of the property is Johnathan Naymark, while the seller is John DeSilvia. Representing the seller in this transaction were Ian Mednick, Matt Kirby Smith, and Caterina Peters.

Players

Ian Mednick

Compass

Broker

$63.3M

vol

15 deals

Broker

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

4.70%

Cash-on-Cash

-1.34%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93