Updated Oct 29, 2024
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
About this deal
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.
On the Map
$2,916,000
$662/SF
MultiFamily
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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
5.44%
Cash-on-Cash
-1.55%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93