Updated Dec 18, 2023
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
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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