Updated Dec 22, 2023
Robert Parker Acquires Multifamily Property At 639 Baltic Street In Park Slope, Brooklyn For $3.4M
639 Baltic Street, Brooklyn, New York 11217, United States
$3,399,000
$2,302/SF
Building Size
1,476 SF
Asset Type
MultiFamily
Closing
Aug 25, 2022
About this deal
AI
The multifamily property located at 639 Baltic Street in Park Slope, Brooklyn, has been sold in a closed transaction. The property is zoned as R6B and features a lot size of 1,433 square feet. The sale date was on 08/26/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,399,000
- Address: 639 Baltic Street, Park Slope, Brooklyn
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Buyer: Robert Parker
- Seller: Ralph Caruso
- Building Square Feet (BSF): 2,866
- Price per BSF: $1,185
- Total Square Footage (SF): 1,476
- Price per SF: $2,302
- Floor Area Ratio (FAR): 1.03
- Tax Class: 1
- Permits: Alteration 2 (09/01/2016)
- Lot Dimensions: 14.33 ft x 100 ft
Robert Parker is the buyer of the property, and Ralph Caruso is the seller. The transaction price for the property was $3,399,000. The property has a building square footage (BSF) of 2,866 and a total square footage (SF) of 1,476. The price per BSF is $1,185, and the price per SF is $2,302. The property is zoned as R6B and has a floor area ratio (FAR) of 1.03. It is classified as tax class 1. A permit for alteration 2 was issued on 09/01/2016. The lot dimensions are 14.33 ft x 100 ft.
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.67%
Cash-on-Cash
-1.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93