Updated Dec 21, 2023
JLL Brokers $86M Multifamily Sale In Park Slope, Brooklyn
555 4th Avenue, Brooklyn, NY 11215
$86,000,000
$831/SF
Building Size
103,392 SF
Asset Type
MultiFamily
Closing
Jul 28, 2020
About this deal
AI
A multifamily property located at 555 4th Avenue in Park Slope, Brooklyn was recently sold for a total price of $86,000,000. The property consists of 134 units with a total square footage of 103,392. The price per square foot for this transaction was $831, and the price per unit was approximately $641,791.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $86,000,000
- Address: 555 4th Avenue
- Market: Park Slope, Brooklyn
The sale of this multifamily property was facilitated by brokers Jeff Julien, Rob Hinckley, Stephen Palmese, and Steve Rutman from JLL.
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
0.18%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93