Patrick Callahan Acquires Multifamily Property In Park Slope, Brooklyn For $4.995M
SOLD
$4,995,000
New York
See Similar DealsMultiFamily3,108 SF
Sold 12/27/2023
SOLD
Patrick Callahan Acquires Multifamily Property In Park Slope, Brooklyn For $4.995M
359 Bergen Street
See Similar DealsMultiFamily3,108 SF
Sold 12/27/2023
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,607
Total Square Footage:3,108 SF
Transaction Type:Sale
The multifamily property located at 359 Bergen Street in Park Slope, Brooklyn has been sold. The transaction took place on December 27, 2023. The property spans across 3,108 square feet and was sold for a total price of $4,995,000, resulting in a price per square foot of $1,607.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $4,995,000
Patrick Callahan has purchased the property from Amy Yao. The deal was facilitated by David Chang from Compass.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$266,400.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,746.18
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,678.85
Annual Debt Service$284,146.18
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