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340 6th Ave, Park Slope, Br...

Eli Scharf Acquires Multifamily Property In Park Slope, Brooklyn
SOLDMultiFamily

Eli Scharf Acquires Multifamily Property In Park Slope, Brooklyn

340 6th Ave, Park Slope, Brooklyn, NY, USA

$2,916,000

$662/SF

Building Size

4,400 SF

Asset Type

MultiFamily

Closing

Jan 13, 2021

AI

Located at 340 6th Ave in Park Slope, Brooklyn, this multifamily property was recently sold in a closed transaction. The property has a total square footage of 4,400 and is zoned as R6B. The sale took place on January 14, 2021, with Eli Scharf from Habitat Living acting as the buyer and John Villanella as the seller. Wassim Fakhereddine from Corcoran represented both parties in the transaction.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,916,000
  • Price per Square Foot: $662
  • Number of Units: 4
  • Price per Unit: $729,000

Eli Scharf, from Habitat Living, played a key role as the buyer in this transaction. On the other hand, John Villanella acted as the seller. Wassim Fakhereddine, representing Corcoran, facilitated the deal as the broker. With this successful transaction, Eli Scharf and Habitat Living have expanded their real estate portfolio in Park Slope, Brooklyn.

Players

Wassim Fakhereddine

The Corcoran Group

Broker

$22.9M

vol

2 deals

Broker
Elie Scharf

Elie Scharf

Habitat Living

Buyer

$14M

vol

4 deals

Buyer

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

5.44%

Cash-on-Cash

-1.55%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93