Updated Dec 20, 2023
Eddie Hidary Acquires Multifamily Property In Park Slope, Brooklyn For $11.1M
32 5th Avenue, Park Slope, Brooklyn, NY, USA
$11,100,000
$1,866/SF
Building Size
5,948 SF
Asset Type
MultiFamily
Closing
Nov 16, 2021
About this deal
AI
The multifamily property located at 32 5th Avenue in Park Slope, Brooklyn has been sold in a transaction that closed on 11/17/2021. The property features a total building size of 8,790 square feet with a price per square foot of $1,262. The total lot size is 2,930 square feet, measuring 40 feet by 73.33 feet. The property is zoned as R6A and C1-4, allowing for various potential uses. The transaction price for the property was $11,100,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Market: Park Slope, Brooklyn
- Zoning: R6A, C1-4
The buyer in this transaction is Eddie Hidary, while the seller is Steven J Hidary.
It is worth noting that the property's previous sale took place on 11/9/2015, with a sale price of $6,600,000. Additionally, an alteration permit was issued on 09/13/2020 for the property.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93