Updated Dec 20, 2023
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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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