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
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