Updated Dec 21, 2023
Patrick Brian Mcgarvey Acquires Multifamily Property In Park Slope, Brooklyn For $3.05M
338a 7th Street, Brooklyn, New York 11215, United States
$3,050,000
$1,251/SF
Building Size
2,438 SF
Asset Type
MultiFamily
Closing
Apr 27, 2022
About this deal
AI
A multifamily property located at 338 A 7 Street in Park Slope, Brooklyn has been sold for $3,050,000. The property has a building square footage (BSF) of 3,666, with a price per BSF (PPBSF) of $831. The total lot size is 1,833 square feet, with dimensions of 18.33 feet by 100 feet. The property is zoned as R6B, and its floor area ratio (FAR) is 1.33. The tax class for the property is 1.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,050,000
- SF: 2,438
- PPSF: $1,251
- FAR: 1.33
- Tax Class: 1
- LOT SIZE: 1,833
- LOT DIMENSION: 18.33 ft x 100 ft
Patrick Brian Mcgarvey acted as the buyer in this transaction, while Patricia Jones was the seller. Please note that no additional details about the deal participants or their representatives were provided.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93