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
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
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
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93