Updated Dec 21, 2023
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)
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
3.86%
Cash-on-Cash
-1.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93