Updated Oct 29, 2024
Witnick Real Estate Partners Acquires Multifamily Property In Park Slope For $3.6M
817 8th Avenue, Brooklyn, NY 11215
$3,600,000
$645/SF
Building Size
5,576 SF
Asset Type
MultiFamily
Closing
Jan 15, 2019
About this deal
AI
The multifamily property located at 817 8th Avenue in Park Slope was recently sold for a total price of $3,600,000. The property spans 5,576 square feet, resulting in a price per square foot of $645.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $3,600,000
- Address: 817 8th Avenue
- Market: Park Slope
The seller of this property was Skip Vinje, while the buyer was Witnick Real Estate Partners, represented by Jesse Samek. Mary Kae Higgins, acting as the broker, facilitated the transaction. It is worth noting that Jesse Samek sourced the deal in-house.
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
4.41%
Cash-on-Cash
-1.26%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93