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56 Prospect Place, Brooklyn...

Updated Dec 21, 2023

Martin D'halluin Acquires MultiFamily Property In Park Slope, Brooklyn For $4.15M
SOLDMultiFamily

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

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.4K per square foot on a published $4.2M for 3,034 square feet (2022).

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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

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