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8th Street 420 LLC Purchases Multifamily Property From Frank J. Tonso For $4,075,000 In Brooklyn
SOLD
$4,075,000
New York
See Similar DealsMultiFamily4,080 SF
Sold 05/27/2026
SOLD
8th Street 420 LLC Purchases Multifamily Property From Frank J. Tonso For $4,075,000 In Brooklyn
420 8th Street Broolyn
See Similar DealsMultiFamily4,080 SF
Sold 05/27/2026
Summary
NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$998
Total Square Footage:4,080 SF
Transaction Type:Sale
A multifamily property located at 420 8th Street in Park Slope, Brooklyn, was sold for $4,075,000. The building encompasses 4,080 square feet, which equates to a price of approximately $999 per square foot.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $4,075,000
- Address: 420 8th Street
- Market: Park Slope, Brooklyn
- Square Footage: 4,080
- Price per Square Foot: $999
- Buyer: 8th Street 420 LLC
- Seller: Frank J. Tonso
- Sale Date: 05/27/2026
Frank J. Tonso represented the seller in this transaction, facilitating the sale to the buyer, 8th Street 420 LLC, on the agreed date.
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$217,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$14,477.63
Cash-on-Cash Return-1.27%
Monthly Debt Service$19,317.58
Annual Debt Service$231,810.95
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