Updated Dec 21, 2023
David Michael Grossman Acquires Multifamily Property In Park Slope, Brooklyn For $3.06M
319a 12th Street, Brooklyn, New York 11215, United States
$3,065,000
$1,571/SF
Building Size
1,950 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
The multifamily property located at 319 A 12 Street in Park Slope, Brooklyn was recently sold in a closed transaction on December 16, 2021. The property is zoned as R6B, and it spans a total of 1,950 square feet. The sale price for this transaction was $3,065,000, resulting in a price per square foot of $1,571.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,065,000
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Square Footage: 1,950
- Price per Square Foot: $1,571
David Michael Grossman served as the buyer in this transaction, while Philippe Manteau acted as the seller. The sale involved an alteration permit issued on April 3, 2001, and the property has a tax class of 1. The lot size is approximately 1,875 square feet, with dimensions of 18.75 ft x 100 ft. The building's floor area ratio (FAR) is 0.96, and the price per buildable square foot (PPBSF) stands at $817.
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
5.18%
Cash-on-Cash
-1.48%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93