Updated Dec 21, 2023
Martin D'halluin Acquires MultiFamily Property In Park Slope, Brooklyn For $4.15M
56 Prospect Place, Brooklyn, New York 11217, United States
$4,150,000
$1,367/SF
Building Size
3,034 SF
Asset Type
MultiFamily
Closing
Feb 27, 2022
About this deal
AI
A multifamily property located at 56 Prospect Place in Park Slope, Brooklyn has been sold. The property is zoned as R6B and has a lot size of 1,667 square feet with dimensions of 16.67 ft x 100 ft. The transaction date was on February 28, 2022.
Summary of transaction details
- Property Type: MultiFamily
- Transaction Amount: $4,150,000
- Buyer: Martin D'halluin
- Seller: Dawn Fischer
- Building Square Footage: 3,334
- Price per Square Foot: $1,244
- Lot Square Footage: 1,667
- Price per Square Foot of Lot: $1,367
- FAR: 1.82
- Tax Class: 1
- Permits: Alteration 3 (06/16/2017)
Martin D'halluin was the buyer in this transaction, while Dawn Fischer was the seller. The property was sold at a price of $4,150,000. The building has a total square footage of 3,334, with a price per square foot of $1,244. The lot size for the property is 1,667 square feet, with a price per square foot of lot at $1,367. The property is zoned as R6B and has a FAR of 1.82. The tax class of the property is 1. An alteration permit, Alteration 3, was issued on June 16, 2017.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93