Updated Dec 20, 2023
Theo Patsalos-fox Acquires Multifamily Property In Park Slope, Brooklyn For $3.5M
666 10th Street, Brooklyn, New York 11215, United States
$3,500,000
$1,079/SF
Building Size
3,242 SF
Asset Type
MultiFamily
Closing
Sep 7, 2022
About this deal
AI
The multifamily property located at 666 10th Street in Park Slope, Brooklyn has been sold. The transaction took place on 09/08/2022. The property falls under the R6B zoning category and has a lot size of 1,842 square feet with dimensions measuring 18.42 feet by 100 feet. The total sale price for the property was $3,500,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,500,000
- Market: Park Slope, Brooklyn
- Zoning: R6B
- Buyer: Theo Patsalos-fox
- Seller: Gloria Dimiceli, Annette Persico & Robert Dimiceli
- Building Square Feet: 3,684
- Price per Building Square Foot: $950
- Total Square Feet: 3,242
- Price per Square Foot: $1,079
- FAR: 1.76
- Tax Class: 1
- Lot Size: 1,842 square feet
- Lot Dimension: 18.42 ft x 100 ft
Theo Patsalos-fox acted as the buyer in this transaction, while Gloria Dimiceli, Annette Persico, and Robert Dimiceli represented the sellers. This sale provides a valuable investment opportunity in the Park Slope, Brooklyn market.
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
4.53%
Cash-on-Cash
-1.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93