Updated Sep 5, 2024
JLL Brokers Acquire Park Slope Multifamily Building For $76M
535 4th Avenue, Park Slope, Brooklyn, NY, USA
$76,000,000
$651/SF
Building Size
116,604 SF
Asset Type
MultiFamily
Closing
Dec 30, 2020
About this deal
AI
A multifamily property located at 535 4th Avenue in Park Slope, Brooklyn was recently sold for a price of $76,000,000. The property spans 116,604 square feet, resulting in a price per square foot of $651. It consists of 146 units, with a price per unit of $520,547.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $76,000,000
- Address: 535 4th Avenue, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Square Footage: 116,604
- Price per Square Foot: $651
- Number of Units: 146
- Price per Unit: $520,547
The sale was facilitated by JLL, with the brokers involved being Jeff Julien, Rob Hinckley, Stephen Palmese, and Steve Rutman.
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
0.21%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93