Updated Dec 19, 2023
Elizabeth Bigham Hotson Acquires Multifamily Property In Park Slope For $3.1M
34 Montgomery Place, Brooklyn, New York 11215, United States
$3,100,000
$715/SF
Building Size
4,334 SF
Asset Type
MultiFamily
Closing
Oct 25, 2021
About this deal
AI
A multifamily property located at 34 Montgomery Place in Park Slope has been sold in a recent transaction. The property is zoned as R7B and has a total building square footage (BSF) of 5,001. The price for this property was $3,100,000, resulting in a price per building square footage (PPBSF) of $619. The total area of the property is 4,334 square feet, with a price per square footage (PPSF) of $715.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Market: Park Slope
- Zoning: R7B
The buyer of the property is Elizabeth Bigham Hotson, while the seller is Hans Hammarquist. The transaction was facilitated by Patrice Mack from Douglas Elliman. The property has a floor area ratio (FAR) of 2.60 and is classified as tax class 2B. The lot size is 1,667 square feet, with dimensions of 16.67 feet by 100 feet.
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93