Updated Dec 20, 2023
Ian Macgillivray Acquires Multifamily Property In Park Slope For $4.1M
557 9th Street, Park Slope, Brooklyn, NY, USA
$4,100,000
$1,411/SF
Building Size
2,904 SF
Asset Type
MultiFamily
Closing
Dec 15, 2020
About this deal
AI
The multifamily property located at 557 9 Street in Park Slope, was sold on December 16, 2020. The property is zoned as R6B and spans a total of 2,904 square feet. The sale price for this transaction was $4,100,000, resulting in a price per square foot of $1,412. The previous sale of the property occurred on September 2010 for a price of $1,700,000.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $4,100,000
- Address: 557 9 Street, Park Slope
- Market: Park Slope
- Zoning: R6B
- Square Footage: 2,904
- Price per Square Foot: $1,412
The buyer for this transaction was Ian Macgillivray, while the seller was John Michael Hartke. Laura Rozos from Compass represented the buyer in this deal.
On the Map
$4,100,000
$1,411/SF
MultiFamily
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Brooklyn 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
3.87%
Cash-on-Cash
-1.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93