Updated Dec 4, 2024
Patrick Callahan Acquires Multifamily Property In Park Slope, Brooklyn For $4.995M
359 Bergen Street
$4,995,000
$1,607/SF
Building Size
3,108 SF
Asset Type
MultiFamily
Closing
Dec 27, 2023
About this deal
AI
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.
The multifamily sale at 359 Bergen Street in Brooklyn, New York sold for $5M in 2023. The building is 3,108 square feet, implying about 1.6K per square foot on the published price. David Chang, Patrick Callahan, Compass appear on the sale alongside Compass. This page is the Brooklyn, New York file for the 359 Bergen Street multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Brooklyn sit in the Market section below. Filter that Brooklyn multifamily set by closing date to see what else sold near 359 Bergen Street around 2023. Published consideration for 359 Bergen Street is $5M, dated 2023. Cite this Patrick Callahan Acquires Multifamily Property In Park Slope, Brooklyn For $4.995M sale when underwriting similar multifamily product around Brooklyn, New York.
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
3.18%
Cash-on-Cash
-0.91%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93