Updated Dec 21, 2023
Christopher Michael Cazier Acquires Park Slope Multifamily From William C Walker III For $3.9M
324 1st Street, Brooklyn, New York 11215, United States
$3,900,000
$1,464/SF
Building Size
2,664 SF
Asset Type
MultiFamily
Closing
Mar 7, 2022
About this deal
AI
Located at 324 First Street in Park Slope, Brooklyn, this multifamily property was recently sold in a closed transaction. The property has a lot size of 1,800 and dimensions of 18 ft x 100 ft. It is zoned R6B, with a FAR of 1.48. The property falls under tax class 1.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,900,000
- Building Square Footage: 3,600
- Price per Building Square Foot: $1,083
- Lot Square Footage: 2,664
- Price per Square Foot: $1,463
- Last Sale Price: $1,170,000 (12/15/2003)
- Permits: Alteration 2 (04/02/2015)
Christopher Michael Cazier was the buyer in this transaction, while William C Walker Iii was the seller. The property was sold for a price of $3,900,000. The previous sale of the property took place on December 15, 2003, with a sale price of $1,170,000. Additionally, an alteration permit was issued on April 2, 2015.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.07%
Cash-on-Cash
-1.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93