Updated Dec 20, 2023
$11.1M Park Slope Multifamily Sale At 503-509 12th Street With Peter Von Der Ahe, Shaun Riney, Mark Zarrella
503-509 12th Street, Park Slope, Brooklyn, NY, USA
$11,100,000
$335/SF
Building Size
33,104 SF
Asset Type
MultiFamily
Closing
Dec 1, 2020
About this deal
AI
The multifamily property located at 503-509 12th Street in Park Slope, Brooklyn has been sold. The transaction took place on 12/02/2020.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,100,000
- Address: 503-509 12th Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Square Footage: 33,104
- Price per Square Foot: $335
- Number of Units: 34
- Price per Unit: $326,000
- Gross Rent Multiplier (GRM): 11.86x
- Capitalization Rate (CAP): 4.84%
The transaction was facilitated by the brokers Peter Von Der Ahe, Shaun Riney, and Mark Zarrella representing New York Multifamily and Marcus & Millichap NY.
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
1.43%
Cash-on-Cash
-0.41%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93