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355 6 Ave, Brooklyn, New Yo...

Updated Dec 19, 2023

Matthew John Willie Acquires Park Slope Multifamily Property For $3M
SOLDMultiFamily

Matthew John Willie Acquires Park Slope Multifamily Property For $3M

355 6 Ave, Brooklyn, New York 11215, United States

$3,000,000

$684/SF

Building Size

4,385 SF

Asset Type

MultiFamily

Closing

Nov 8, 2021

About this deal

AI

The multi-family property located at 355 6 Avenue in Park Slope, Brooklyn has been sold. The transaction took place on November 9, 2021. The property is zoned as R6B and has a lot size of 1,742 square feet. The asset type is multi-family, and it has a building square footage (BSF) of 3,484. The price for this property was $3,000,000, with a price per building square footage (PPBSF) of $861. The property spans across 4,385 square feet, resulting in a price per square foot (PPSF) of $684. The floor area ratio (FAR) for the property is 2.52, and it falls under tax class 2A. The last recorded sale of this property was on September 18, 2015, with a sale price of $0. The lot dimensions are 19.83 feet by 87.83 feet.

Summary of transaction details:

  • Property Type: Multi Family
  • Transaction Amount: $3,000,000
  • Market: Park Slope, Brooklyn
  • Buyer: Matthew John Willie
  • Seller: Catherine M Rodriguez

Matthew John Willie represented the buyer in this transaction, while Catherine M Rodriguez represented the seller.

Players

Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $684 per square foot on a published $3M for 4,385 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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