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385 12th Street, Brooklyn, ...

Updated Dec 21, 2023

Andrew Cutler Acquires Park Slope Multifamily From Shai Markowicz For $4.1M In Brooklyn
SOLDMultiFamily

Andrew Cutler Acquires Park Slope Multifamily From Shai Markowicz For $4.1M In Brooklyn

385 12th Street, Brooklyn, New York 11215, United States

$4,106,777

$1,946/SF

Building Size

2,110 SF

Asset Type

MultiFamily

Closing

Apr 26, 2022

About this deal

AI

A multifamily property located at 385 12th Street in Park Slope, Brooklyn was recently sold in a closed transaction. The property has a zoning classification of R6B and sits on a lot size of 1,675 square feet. The property has a building square footage (BSF) of 3,350 and a price per BSF (PPBSF) of $1,225. The property also has a total square footage (SF) of 2,110 and a price per square foot (PPSF) of $1,946. The deal, completed on 04/27/2022, involved a buyer named Andrew Cutler and a seller named Shai Markowicz. The transaction price for the property was $4,106,777. The previous sale for this property took place on 09/10/2018, with a sale price of $2,050,000. The property underwent an alteration permit on 02/14/2019.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,106,777
  • Market: Park Slope, Brooklyn
  • Zoning: R6B
  • Buyer: Andrew Cutler
  • Seller: Shai Markowicz
  • BSF: 3,350
  • PPBSF: $1,225
  • SF: 2,110
  • PPSF: $1,946
  • LOT SIZE: 1,675 square feet
  • LAST SALE PRICE: $2,050,000 (09/10/2018)
  • PERMITS: Alteration 2 (02/14/2019)

On the Map

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$4,106,777

$1,946/SF

MultiFamily

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Players

Andrew Cutler

Buyer

$37.2M

vol

5 deals

Buyer
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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.9K per square foot on a published $4.1M for 2,110 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.86%

Cash-on-Cash

-1.10%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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