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496 11th Street, Brooklyn, ...

Updated Dec 21, 2023

John Scagnelli Sells Multifamily Property On 11th Street In Park Slope, Brooklyn For $2.75M
SOLDMultiFamily

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

Jesse Kay

Marcus & Millichap

Broker

$114.1M

vol

28 deals

Broker

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $379 per square foot on a published $2.8M for 7,250 square feet (2020).

Visit Jesse Kay to view all their deals.

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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

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