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319a 12th Street, Brooklyn,...

Updated Dec 21, 2023

David Michael Grossman Acquires Multifamily Property In Park Slope, Brooklyn For $3.06M
SOLDMultiFamily

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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Deal FAQ

About $1.6K per square foot on a published $3.1M for 1,950 square feet (2021).

Browse New York multifamily sales on Traded.

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

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