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440 10th Street, Brooklyn, ...

Updated Dec 20, 2023

Kenneth Le Acquires Multifamily Property In Park Slope, Brooklyn For $3.2M
SOLDMultiFamily

Kenneth Le Acquires Multifamily Property In Park Slope, Brooklyn For $3.2M

440 10th Street, Brooklyn, New York 11215, United States

$3,200,000

$1,777/SF

Building Size

1,800 SF

Asset Type

MultiFamily

Closing

Sep 27, 2022

About this deal

AI

The multifamily property located at 440 10th Street in Park Slope, Brooklyn was recently sold in a transaction on September 28, 2022. The property is zoned as R6B and has a total building square footage (BSF) of 3,334. The buyer, Kenneth Le, purchased the property from the seller, Or Leviteh, for a price of $3,200,000. The price per building square footage (PPBSF) is $959, and the property has a total square footage (SF) of 1,800, with a price per square footage (PPSF) of $1,777. The property has a floor area ratio (FAR) of 1.08 and falls under tax class 1. The lot size is 1,667 square feet, and it has dimensions of 16.67 feet by 100 feet. The property previously underwent an alteration permit on June 17, 2021.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,200,000
  • Buyer: Kenneth Le
  • Seller: Or Leviteh
  • Address: 440 10th Street, Park Slope, Brooklyn
  • Market: Park Slope, Brooklyn
  • Zoning: R6B
  • BSF: 3,334
  • PPBSF: $959
  • SF: 1,800
  • PPSF: $1,777
  • FAR: 1.08
  • Tax Class: 1
  • Lot Size: 1,667
  • Permits: Alteration 2 (06/17/2021)
  • Lot Dimension: 16.67 ft x 100 ft

Note: The transaction took place on September 28, 2022, and the property is located at 440 10th Street, Park Slope, Brooklyn. The buyer, Kenneth Le, purchased the property from the seller, Or Leviteh, for a price of $3,200,000.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.8K per square foot on a published $3.2M for 1,800 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.96%

Cash-on-Cash

-1.42%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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