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468 2nd Street, Park Slope,...

Katherine Mccarren Acquires Multifamily Property In Park Slope, Brooklyn For $3.45M
SOLDMultiFamily

Katherine Mccarren Acquires Multifamily Property In Park Slope, Brooklyn For $3.45M

468 2nd Street, Park Slope, Brooklyn, NY, USA

$3,455,000

$1,004/SF

Building Size

3,439 SF

Asset Type

MultiFamily

Closing

Mar 8, 2021

AI

The multifamily property located at 468 2nd Street in Park Slope, Brooklyn has been sold in a transaction that took place on March 9, 2021. The property is zoned as R6B and offers a total of 3,439 square feet of space. The buyer, Katherine Mccarren, acquired the property from the seller, Howard Brickner, for a price of $3,455,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,455,000
  • Market: Park Slope, Brooklyn
  • Zoning: R6B
  • Buyer: Katherine Mccarren
  • Seller: Howard Brickner
  • Price per Square Foot: $1,004
  • Building Square Footage: 3,439
  • Lot Size: 1,900
  • Permits: Alteration type 1 (07/22/2011)
  • Lot Dimensions: 20 ft x 95 ft

This transaction showcases the successful negotiation between Katherine Mccarren and Howard Brickner. It highlights the growing demand for multifamily properties in the Park Slope area of Brooklyn, and the willingness of buyers to invest in such assets. The property's favorable zoning as R6B allows for potential development or alteration options.

Players

Howard Brickner

Seller

$25.6M

vol

5 deals

Seller

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

4.59%

Cash-on-Cash

-1.31%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93