Updated Oct 29, 2024
Bryant Park Holdings Acquires Multifamily Property In Park Slope, Brooklyn For $5.5M
854 President Street Brooklyn, New York 11215, USA
$5,500,000
$1,350/SF
Building Size
4,072 SF
Asset Type
MultiFamily
Closing
Jun 28, 2023
About this deal
AI
Bryant Park Holdings has purchased a two-unit building in Brooklyn's Park Slope neighborhood for $5.5 million from Simon J. Anderson and Christina V. Anderson. The property, located at 854 President Street, offers 4,072 square feet of built space.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $5,500,000
- BSF: 6,000 ~ PPBSF: $917
- SF: 4,072 ~ PPSF: $1,351
- Market: Park Slope, Brooklyn
The buyer of the property is Bryant Park Holdings. Simon J. Anderson and Christina V. Anderson were represented by their own representative in this deal.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93