Updated Dec 21, 2023
Sarah Hartman Acquires Multifamily Property In Park Slope, Brooklyn For $3.5M
366 6th Avenue, Brooklyn, New York 11215, United States
$3,500,000
$1,575/SF
Building Size
2,221 SF
Asset Type
MultiFamily
Closing
Aug 22, 2022
About this deal
AI
The multifamily property located at 366 6th Avenue in Park Slope, Brooklyn, was recently sold for $3,500,000. The property has a building square footage (BSF) of 2,496, with a per square foot (PPSF) price of $1,402. It spans a total area of 2,221 square feet, at a price per square foot (PPSF) of $1,576. The lot size is 1,248 square feet, with the dimensions measuring 16 feet by 78 feet.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Buyer: Sarah Hartman
- Seller: Peter Nicolois
- Market: Park Slope, Brooklyn
- Zoning: R6B
- BSF: 2,496
- PPBSF: $1,402
- SF: 2,221
- PPSF: $1,576
- Lot Size: 1,248
- Last Sale Price: $2,925,000 (06/01/2016)
- Permits: Alteration 2 (06/20/2016)
- Lot Dimension: 16 ft x 78 ft
The buyer, Sarah Hartman, acquired the property from Peter Nicolois. The property's floor area ratio (FAR) is 1.78, indicative of the total buildable area relative to the lot size. It falls under tax class 1.
NOTE: No additional information regarding the property or the transaction was provided.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93