Updated Sep 5, 2024
Benjamin Soleimani Acquires Apartment Building In Park Slope, Brooklyn For $11.1M
249 11th St, Brooklyn, NY 11215, USA
$2,090,000
$71/SF
Building Size
29,200 SF
Asset Type
MultiFamily
Closing
Sep 21, 2020
About this deal
AI
The property involved in the transaction is located at 479 4 Avenue and 475 4 Avenue in Park Slope, Brooklyn. It is an apartment building with a total square footage (SF) of 17,539 and a price per square foot (PPSF) of $632. The building has a buildable square footage (BSF) of 26,006, and the price per buildable square foot (PPBSF) is $426. The property has a lot size of 2,160 and is zoned as R8A, C2-4, EC-1. It has a floor area ratio (FAR) of 3.65 and falls under tax class 2B. The property underwent an alteration permit on April 29, 2013. The lot dimension is 27 feet by 80 feet.
Summary of transaction details:
- Property Type: Apartment
- Transaction Amount: $11,097,000
- Market: Park Slope, Brooklyn
- Buyer: Benjamin Soleimani
- Seller: Rosalinda B. Resnick
The buyer in this transaction is Benjamin Soleimani, and the seller is Rosalinda B. Resnick. The deal closed on April 11, 2022.
On the Map
$2,090,000
$71/SF
MultiFamily
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Players
Brooklyn MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
7.59%
Cash-on-Cash
-2.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93