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249 11th St, Brooklyn, NY 1...

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

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

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.

Players

Bobby Lawrence

Matthews

Broker

$80.7M

vol

25 deals

Broker
B6 Real Estate Advisors
B6 Real Estate AdvisorsBrokerage

Benjamin Soleimani

ABJ Properties

Buyer

$9.6M

vol

2 deals

Buyer

New York 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