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367 6th Street, Brooklyn, N...

Updated Dec 20, 2023

Paul Andrew Berry Acquires Multifamily Property In Park Slope, Brooklyn For $3.45M
SOLDMultiFamily

Paul Andrew Berry Acquires Multifamily Property In Park Slope, Brooklyn For $3.45M

367 6th Street, Brooklyn, New York 11215, United States

$3,450,000

$1,799/SF

Building Size

1,917 SF

Asset Type

MultiFamily

Closing

Aug 14, 2022

About this deal

AI

The multifamily property located at 367 6th Street in Park Slope, Brooklyn has been sold. The transaction took place on August 15, 2022, and the property is zoned as R6B. The property has a total building square footage (BSF) of 3,334, with a price per BSF (PPBSF) of $1,034. The total lot size is 1,667 square feet. The property has a total square footage (SF) of 1,917, with a price per square foot (PPSF) of $1,799. The sale price for the property was $3,450,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,450,000
  • Market: Park Slope, Brooklyn
  • Zoning: R6B
  • BSF: 3,334
  • PPBSF: $1,034
  • SF: 1,917
  • PPSF: $1,799
  • Lot Size: 1,667 square feet

The buyer in this transaction is Paul Andrew Berry, and the seller is Alyson E Schwartz. The property is classified under tax class 1. Additionally, there was an alteration permit issued on September 2, 2009 for this property.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.8K per square foot on a published $3.5M for 1,917 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.60%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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