Updated Dec 21, 2023
Julio Gerchman Acquires Multifamily Property In Park Slope For $3.8M
477 14th Street, Park Slope, Brooklyn, NY, USA
$3,800,000
$1,227/SF
Building Size
3,095 SF
Asset Type
MultiFamily
Closing
Oct 21, 2021
About this deal
AI
A multifamily property located at 477 14 Street in Park Slope has been sold for $3,800,000. The property has a building square footage (BSF) of 3,684 and a price per BSF of $1,031. The total square footage (SF) of the property is 3,095, with a price per SF of $1,227. The lot size is 1,842 and the property is classified under tax class 1. The property is zoned as R6B and has a floor area ratio (FAR) of 1.68. The lot dimensions are 18.42 ft x 100 ft. An alteration permit was issued on November 13, 1998.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,800,000
- Market: Park Slope
- Zoning: R6B
The buyer of the property is Julio Gerchman and the seller is Edward Tan. The transaction was facilitated by Aran Scott from Douglas Elliman, representing both parties in the deal.
On the Map
$3,800,000
$1,227/SF
MultiFamily
View full map
Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Aran Scott to view all their deals.
Browse New York multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.17%
Cash-on-Cash
-1.19%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93