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589 11th Street, Brooklyn, ...

Updated Dec 22, 2023

Zachary Ozer Acquires Park Slope Multifamily For $3.65M
SOLDMultiFamily

Zachary Ozer Acquires Park Slope Multifamily For $3.65M

589 11th Street, Brooklyn, New York 11215, United States

$3,650,000

$1,609/SF

Building Size

2,268 SF

Asset Type

MultiFamily

Closing

Jun 12, 2022

About this deal

AI

A multifamily property located at 589 11th Street in Park Slope, Brooklyn was recently sold. The property is zoned as R6B and has a lot size of 1,800 square feet. The sale took place on June 13, 2022, with a sale price of $3,650,000. The property has a building square footage of 3,600, translating to a price per square foot (PPSF) of $1,013. The total square footage of the property is 2,268, resulting in a price per square foot (PPSF) of $1,609. The property has a floor area ratio (FAR) of 1.26 and falls under tax class 1. The lot dimensions are 18 ft x 100 ft.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,650,000
  • Building Square Footage: 3,600
  • Price per Square Foot (PPSF): $1,013
  • Total Square Footage: 2,268
  • Price per Square Foot (PPSF): $1,609
  • Floor Area Ratio (FAR): 1.26
  • Tax Class: 1
  • Lot Size: 1,800 square feet
  • Lot Dimension: 18 ft x 100 ft

Zachary Ozer acquired the property from Kim M Whitehurst. The buyer's representative in the deal was not specified. No additional information about the seller or buyer's representatives was provided.

Players

New York MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $1.6K per square foot on a published $3.7M for 2,268 square feet (2022).

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

4.35%

Cash-on-Cash

-1.24%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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