Updated Dec 21, 2023
Nicole Muniz Acquires Multifamily Property In Park Slope, Brooklyn For $5.3M
624 6th Street, Brooklyn, New York 11215, United States
$5,300,000
$1,255/SF
Building Size
4,220 SF
Asset Type
MultiFamily
Closing
May 2, 2022
About this deal
AI
A multifamily property located at 624 6th Street in Park Slope, Brooklyn has been sold. The transaction took place on May 3, 2022, with a sale price of $5,300,000. The property has a total building square footage (BSF) of 6,000, resulting in a price per BSF of $883. The total square footage (SF) of the property is 4,220, with a price per SF of $1,255. The property is zoned as R7B and falls under tax class 1. The lot size is 2,000 and has dimensions of 20 ft x 100 ft.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,300,000
- Market: Park Slope, Brooklyn
- Zoning: R7B
- BSF: 6,000
- PPBSF: $883
- SF: 4,220
- PPSF: $1,255
- Tax Class: 1
- Lot Size: 2,000
- Lot Dimension: 20 ft x 100 ft
Nicole Muniz served as the buyer in this transaction, while Raymond Zagami was the seller. Both parties successfully completed the deal.
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
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93