Updated Dec 20, 2023
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.
Players
Brooklyn 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
3.62%
Cash-on-Cash
-1.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93