Updated Dec 19, 2023
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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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