Updated Oct 13, 2026
Charles Quimby Acquires Multifamily Property On 4th Avenue In Park Slope For $1.1M
302 5th St, Brooklyn, NY 11215, USA
$2,000,000
$72/SF
Building Size
27,720 SF
Asset Type
MultiFamily
Closing
Jun 17, 2020
About this deal
AI
The multifamily property located at 397 4th Avenue in Park Slope was recently sold for $1,100,000. The transaction took place on June 25, 2021. The property spans a total area of 4,456 square feet and has a price per square foot of $246. It consists of 6 units, with 66% of them being stabilized. The price per unit amounts to $183,333.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 397 4th Avenue, Park Slope
- Market: Park Slope
- Asset Type: Multifamily
- Tax Class: 2A
The buyer of this property is Charles Quimby. The seller is The Striano Estate, represented by Jerry Striano. The seller's representatives in the deal were Dan O'Brien, Caroline Hodes, and Casey Begoon from Cushman & Wakefield.
On the Map
$2,000,000
$72/SF
MultiFamily
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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
7.93%
Cash-on-Cash
-2.27%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93