Updated Dec 20, 2023
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
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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