Updated Dec 21, 2023
Elsa Russom Acquires Multifamily Property In South Slope, Brooklyn For $3.8M
295 13th Street, Brooklyn, New York 11215, United States
$3,841,500
$1,105/SF
Building Size
3,474 SF
Asset Type
MultiFamily
Closing
Mar 17, 2022
About this deal
AI
Located at 295 13 Street in the South Slope, Brooklyn market, this recently closed transaction involved a multifamily property. The property, with a zoning designation of R6B, was sold on 03/18/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,841,500
- Address: 295 13 Street
- Market: South Slope, Brooklyn
- Zoning: R6B
The buyer in this transaction was Elsa Russom, while the seller was Lydia Robertson.
The property had a building square footage (BSF) of 2,566, resulting in a price per BSF (PPBSF) of $1,497. The total square footage (SF) of the property was 3,474, leading to a price per square foot (PPSF) of $1,105. The floor area ratio (FAR) of the property was 1.39.
Additional details regarding the property include a lot size of 2,500 and lot dimensions of 25 ft x 100 ft.
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
4.13%
Cash-on-Cash
-1.18%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93