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Max Maleh & Connor Domershick Acquire Multifamily Property In Park Slope For $4.2M

Property Image
SOLD
$4,200,000
Michael Blum
Neil Dolgin
Michael Sherman
+ 2

New York

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MultiFamily23,698 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

Max Maleh & Connor Domershick Acquire Multifamily Property In Park Slope For $4.2M

419 16th Street, NY

See Similar Deals
MultiFamily23,698 SF
Sold
Michael Blum
Neil Dolgin
Michael Sherman
+ 2
the dealplayerscompscontact
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$177
Total Square Footage:23698 SF
Transaction Type:Sale

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

Michael Sherman
Baseline Real Estate Advisors
Michael Sherman
42 deals$755.7M volume(631) 235-9741
BROKER
Neil Dolgin
Neil Dolgin
4 deals$4.2M volume
BROKER
Michael Blum
Michael Blum
1 deal$4.2M volume
BROKER
CD
Conway Capital
Connor Domershick
15 deals$57M volume
BUYER
Max Maleh
Conway Capital
Max Maleh
15 deals$57M volume
BUYER

Details

SOLD
IMAGE: @MichaelShermanNYC & Neil Dolgin DATE: 11/12/2020 ADDRESS: 419 16th Street MARKET: Park Slope ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Max Maleh & Connor Domershick SELLER: Ronit Adler BROKERS: Michael Sherman - The Manhattes Group, Neil Dolgin & Michael Blum - Kalmon Dolgin PRICE: $4,200,000 SF: 11,849 ~ PPSF: $354 TAX CLASS: 2 ~ LOT SIZE: 41 ft x 100 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$223,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$14,921.72
Cash-on-Cash Return-1.27%
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