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.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Laura Rozos to view all their deals.
Browse New York multifamily sales on Traded.
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