Updated Dec 21, 2023
John Scagnelli Sells Multifamily Property On 11th Street In Park Slope, Brooklyn For $2.75M
496 11th Street, Brooklyn, NY 11215
$2,750,000
$379/SF
Building Size
7,250 SF
Asset Type
MultiFamily
Closing
Jun 25, 2020
About this deal
AI
A multifamily property located at 496 11th Street in Park Slope, Brooklyn was recently sold for a price of $2,750,000. The property spans a total of 7,250 square feet, resulting in a price per square foot of $379. The transaction took place on June 25, 2021.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,750,000
- Address: 496 11th Street
- Market: Park Slope, Brooklyn
- SF: 7,250
- PPSF: $379
The seller of the property was John Scagnelli. The deal was facilitated by brokers Jakub Nowak and Jesse Kay, who represented the parties involved in the transaction.
Players
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
5.77%
Cash-on-Cash
-1.65%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93