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

Property Image
SOLD
$3,455,000

New York

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MultiFamily3,439 SF
Sold 03/09/2021
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Property Image
SOLD

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

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

See Similar Deals
MultiFamily3,439 SF
Sold 03/09/2021
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Summary

NEW YORK
Asset Type:MultiFamily
Price Per Square Foot:$1,004
Total Square Footage:3,439 SF
Transaction Type:Sale

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

5 deals$25.6M volume
SELLER

Details

SOLD
IMAGE: 2021-03-09 ADDRESS: 468 2 STREET MARKET: Park Slope,BROOKLYN ASSET TYPE: Multifamily ~ ZONING: R6B BUYER: Katherine Mccarren SELLER: Howard Brickner PRICE: $3,455,000 BSF: 3,800 ~ PPBSF: $909 SF: 3,439 ~ PPSF: $1,004 FAR: 1.51 TAX CLASS: 1 LOT SIZE: 1,900 PERMITS: Alteration type 1 (07/22/2011) LOT DIMENSIONS: 20 ft x 95 ft

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$184,266.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,274.88
Cash-on-Cash Return-1.27%
Monthly Debt Service$16,378.46
Annual Debt Service$196,541.55