Updated Dec 19, 2023
John Katz Acquires Multifamily Asset In Park Slope, Brooklyn For $4.3M
593 2nd St, Park Slope, Brooklyn, NY, USA
$4,325,000
$928/SF
Building Size
4,660 SF
Asset Type
MultiFamily
Closing
Mar 25, 2019
About this deal
AI
The multifamily property located at 593 2nd St in Park Slope, Brooklyn, was recently sold in a transaction on March 26, 2019. The property covers a total area of 4,660 square feet with a price per square foot of $928. The sale was finalized for a total amount of $4,325,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,325,000
- Address: 593 2nd St, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
The sellers, Joann & Karl Kunz, sold the property to the buyer, John Katz, in this transaction. The deal was facilitated by brokers Steven Novick and Edward Azria.
Players
New York MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.67%
Cash-on-Cash
-1.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93