Updated Dec 22, 2023
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
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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