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351 6th Avenue, Brooklyn, N...

CROWN Investments Acquires Multifamily Property In Park Slope, Brooklyn For $3.5M
SOLDMultiFamily

CROWN Investments Acquires Multifamily Property In Park Slope, Brooklyn For $3.5M

351 6th Avenue, Brooklyn, New York 11215, United States

$3,500,000

$806/SF

Building Size

4,340 SF

Asset Type

MultiFamily

Closing

May 17, 2022

AI

The multifamily property located at 351 6th Ave. in Park Slope, Brooklyn has been sold for a price of $3,500,000. The transaction took place on May 18, 2022. This property consists of 4 units and spans across a total area of 4,345 square feet. The price per unit amounts to $875,000, while the price per square foot is approximately $805.

Summary of transation details

  • Property Type: Multifamily
  • Transaction Amount: $3,500,000
  • Date: 05/18/2022
  • Address: 351 6th Ave.
  • Market: Park Slope, Brooklyn
  • Units: 4
  • Price Per Unit: $875,000
  • Total Square Feet: 4,345
  • Price Per Square Foot: $805

The buyer of the property is CROWN Investments, represented by Justin Homapour. On the other hand, Joseph Maurer and Howard Pronsky served as the sellers in this transaction. Upon completion of the deal, Justin Homapour expressed interest in more deals and included his contact information for potential future transactions. He can be reached at 516.770.4297.

Players

Justin Homapour

CROWN Investments

Buyer

$16.2M

vol

8 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

4.53%

Cash-on-Cash

-1.30%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93