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397 3 St, Brooklyn, New Yor...

Updated Dec 20, 2023

Alexandra Kirsh Carter And Mark M Carter Acquire Multifamily Property In Park Slope For $4.38M
SOLDMultiFamily

Alexandra Kirsh Carter And Mark M Carter Acquire Multifamily Property In Park Slope For $4.38M

397 3 St, Brooklyn, New York 11215, United States

$4,380,000

$1,242/SF

Building Size

3,524 SF

Asset Type

MultiFamily

Closing

Oct 5, 2021

About this deal

AI

The multifamily property located at 397 3rd Street in Park Slope has been sold for $4,380,000. The property has a total building square footage (BSF) of 3,960, with a price per BSF (PPBSF) of $1,106. The total area of the property is 3,524 square feet, with a price per square foot (PPSF) of $1,242. The lot size of the property is 1,980 square feet, with dimensions of 22 feet by 90 feet. The zoning designation for the property is R6B.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $4,380,000
  • Market: Park Slope
  • Buyer: Alexandra Kirsh Carter and Mark M Carter
  • Seller: Adam Daniel Klein and Isabelle Reboh

The transaction involved Alexandra Kirsh Carter and Mark M Carter as the buyers, while Adam Daniel Klein and Isabelle Reboh were the sellers. The property has a floor area ratio (FAR) of 1.78 and falls under tax class 1. The property previously underwent an alteration permit on May 10, 2000.

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Brooklyn MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $4.4M for 3,524 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.62%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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