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
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.
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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