Updated Sep 8, 2025
Carlos Saavedra Acquires Multifamily Property In Park Slope, Brooklyn For $4.3M
408 3rd Street, Brooklyn, New York 11215, United States
$4,325,000
$728/SF
Building Size
5,939 SF
Asset Type
MultiFamily
Closing
Dec 15, 2021
About this deal
AI
A multifamily property located at 408 3 Street in Park Slope, Brooklyn has been sold. The property, with a lot size of 2,258 square feet, is zoned as R6B. The transaction took place on December 16, 2021, with Carlos Saavedra as the buyer and Christopher Jesinkey as the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,325,000
- Price per Square Foot (PPSF): $728
- Building Square Footage (BSF): 4,516
- Price per Building Square Foot (PPBSF): $957
- Square Footage (SF): 5,939
- Floor Area Ratio (FAR): 2.63
- Tax Class: 2A
- Permits: Alteration (12/30/2021)
- Lot Dimension: 21.5 ft x 105 ft
The deal was brokered by Carlos Saavedra's representative, recognized as the TYPE's REP in the transaction.
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
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93