Updated Dec 20, 2023
Subramaniam Ramanarayanan Acquires Multi Family Property On 525 2 Street, Park Slope, Brooklyn For $5.2M
525 2nd Street, Brooklyn, New York 11215, United States
$5,205,000
$1,355/SF
Building Size
3,840 SF
Asset Type
MultiFamily
Closing
Dec 7, 2021
About this deal
AI
A multi-family property located at 525 2 Street in Park Slope, Brooklyn, has been sold in a recent transaction. The property is zoned as R6B, indicating its permitted land use and development potential.
Summary of transation details
- Property Type: Multi Family
- Transaction Amount: $5,205,000
- Building Square Footage: 4,000
- Price per Building Square Foot: $1,301
- Lot Size: 2,000
- Last Sale Price: $3,250,000 (12/29/2014)
- Lot Dimension: 20ft x 100ft
The buyer of the property is Subramaniam Ramanarayanan, while the seller is David S Levy.
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
3.05%
Cash-on-Cash
-0.87%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93