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.
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