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449 14th Street, Brooklyn, ...

Updated Dec 18, 2023

Peter Urias Acquires 449 14 Street Multifamily In Park Slope For $3.03M
SOLDMultiFamily

Peter Urias Acquires 449 14 Street Multifamily In Park Slope For $3.03M

449 14th Street, Brooklyn, New York 11215, United States

$3,025,000

$1,206/SF

Building Size

2,507 SF

Asset Type

MultiFamily

Closing

Dec 9, 2021

About this deal

AI

A multifamily property located at 449 14th Street in the Park Slope neighborhood of Brooklyn has been sold. The property is situated on a lot size of 1,817 square feet with dimensions of 18.17 feet by 100 feet. The transaction took place on December 10, 2021, with a sale price of $3,025,000. The building has a total square footage of 2,507 and a price per square foot of $1,206. The buyer of the property is Peter Urias, while the seller is Kathryn Viscito.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,025,000
  • Building Square Footage: 2,507
  • Price per Square Foot: $1,206
  • Lot Size: 1,817 square feet
  • Lot Dimensions: 18.17 feet by 100 feet
  • Market: Park Slope, Brooklyn
  • Zoning: R6B

Peter Urias represented himself as the buyer in this transaction, while Kathryn Viscito represented herself as the seller. The property is classified under tax class 1 and has a floor area ratio (FAR) of 1.38. With a building square footage (BSF) of 3,634, the price per BSF is $832.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.2K per square foot on a published $3M for 2,507 square feet (2021).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.24%

Cash-on-Cash

-1.50%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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