Max Maleh & Connor Domershick Acquire Multifamily Property In Park Slope For $4.2M
419 16th Street, NY & 419 16th Street
$4,200,000
$177/SF
Building Size
23,698 SF
Asset Type
MultiFamily
Closing
Nov 12, 2020
AI
A multifamily property located at 419 16th Street in Park Slope was recently sold for $4,200,000. The property has a total area of 11,849 square feet, resulting in a price per square foot of $354. The transaction took place on November 12, 2020. The property is zoned as R6B and belongs to tax class 2. It sits on a lot measuring 41 feet by 100 feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,200,000
- Address: 419 16th Street
- Market: Park Slope
- Zoning: R6B
The buyer in this transaction is Max Maleh and Connor Domershick, while the seller is Ronit Adler. The deal was facilitated by brokers Michael Sherman from The Manhattes Group, as well as Neil Dolgin and Michael Blum from Kalmon Dolgin.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.78%
Cash-on-Cash
-1.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93