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Benjamin Soleimani Acquires Apartment Building In Park Slope, Brooklyn For $11.1M

Property Image
SOLD
$2,090,000
Jermaine Pugh

New York

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MultiFamily29,200 SF
Sold 09/22/2020
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Property Image
SOLD

Benjamin Soleimani Acquires Apartment Building In Park Slope, Brooklyn For $11.1M

249 11th St, Brooklyn, NY 11215, USA

See Similar Deals
MultiFamily29,200 SF
Sold 09/22/2020
Jermaine Pugh
Contact now

Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$71
Total Square Footage:29,200 SF
Transaction Type:Sale

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.

Players

Bobby Lawrence
25 deals$80.7M volume(646) 933-2648
BROKER

Jermaine Pugh
Matthews
24 deals$86.1M volume(201) 850-0762
BROKER

B6 Real Estate Advisors
BROKERAGE

Details

SOLD
IMAGE: 04/11/2022 ADDRESS: 479 4 Avenue & 475 4 Avenue MARKET: Park Slope, Brooklyn ASSET TYPE: Apartment ~ ZONING: R8A, C2-4, EC-1 BUYER: Benjamin Soleimani SELLER: Rosalinda B. Resnick PRICE: $11,097,000 BSF: 26,006 ~ PPBSF: $426 SF: 17,539 ~ PPSF: $632 FAR: 3.65 TAX CLASS: 2B LOT SIZE: 2,160 PERMITS: Alteration 2 (04/29/2013) LOT DIMENSION: 27 ft x 80 ft

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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